what bet size do you start with when gambling dice?

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: shintosai on June 23, 2017, 12:41:55 AM

Quote from: LuanX3 on June 23, 2017, 12:33:08 AM

Quote from: Zicadis on June 22, 2017, 12:46:11 PM

It all depends on whether you playing for fun or profit.
For the sake of fun its okay to start with anything below 0.001 BTC just to avoid losing more money
and for gamblers playing for profit i think a fair amont to start with is 0.001 as this stake increase depending on strategy and limit set.

I agree, for now I only gamble for fun and entertainment and don't really aim to profit from it. I realized that gambling can never be for profit no matter what you do, unless you are joining those easy to win promotions the casinos have which can give you small profits.

Which most of the time we always forget that gambling really for the owners benefits whatever we did or try to have some edge its always ended losing in the long run thats why its best to use small amount of money never to think of trying to go more just small portion and keep it that way to enjoy and to find some relaxation.

It doesn't really matter whether who benefits as long as you're having fun. And you don't really need to put in a lot of money to risk. I bet in just a couple of satoshis that i left extra from transfers from trading platform to another. It's usually the game and not the amount that interests me.

shintosai

hero member

Activity: 756

Merit: 500

Quote from: LuanX3 on June 23, 2017, 12:33:08 AM

Quote from: Zicadis on June 22, 2017, 12:46:11 PM

It all depends on whether you playing for fun or profit.
For the sake of fun its okay to start with anything below 0.001 BTC just to avoid losing more money
and for gamblers playing for profit i think a fair amont to start with is 0.001 as this stake increase depending on strategy and limit set.

I agree, for now I only gamble for fun and entertainment and don't really aim to profit from it. I realized that gambling can never be for profit no matter what you do, unless you are joining those easy to win promotions the casinos have which can give you small profits.

Which most of the time we always forget that gambling really for the owners benefits whatever we did or try to have some edge its always ended losing in the long run thats why its best to use small amount of money never to think of trying to go more just small portion and keep it that way to enjoy and to find some relaxation.

LuanX3

hero member

Activity: 756

Merit: 505

Quote from: Zicadis on June 22, 2017, 12:46:11 PM

It all depends on whether you playing for fun or profit.
For the sake of fun its okay to start with anything below 0.001 BTC just to avoid losing more money
and for gamblers playing for profit i think a fair amont to start with is 0.001 as this stake increase depending on strategy and limit set.

I agree, for now I only gamble for fun and entertainment and don't really aim to profit from it. I realized that gambling can never be for profit no matter what you do, unless you are joining those easy to win promotions the casinos have which can give you small profits.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

It all depends on whether you playing for fun or profit.
For the sake of fun its okay to start with anything below 0.001 BTC just to avoid losing more money
and for gamblers playing for profit i think a fair amont to start with is 0.001 as this stake increase depending on strategy and limit set.

pereira4

legendary

Activity: 1610

Merit: 1183

I rarely gamble so I like to start with a decent amount, like 0.1 BTC and see where it goes, but I don't gamble more than 12 times per year so it's not a lot of BTC. I like to go to the real life casino rather than gamble at home. I try to gamble as little as possible specially with BTC, because it's better to hold long term rather to waste it in gambling.

JL421

hero member

Activity: 812

Merit: 510

The 1000 satoshi is only used by me when i either run out of cash or i want to gamble with a small amount so i use faucet and with that i gamble with 1000 satoshi. For the bigger gamble when i deposit i normally gamble 10% which is usally 0.01 btc. Or i use all in when i try to make profit with the 80% strategy

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: DrGuns4Hands on June 22, 2017, 10:05:05 AM

I'm always betting on lowest bet then after wards when you feeling the luck on you go with the right chance and put your highest amount of bet and if you win "IF" don't bet again and comeback after 2-3 days in order to have a luck again if you stillbet you will just lost all your money in that time . i've been playing dice game for a long time, and this works on me.

In the casino games if you increase your bankroll there is no use. You will lose your money that's it. So try to play with a small amount and enjoy the game. One thing I will accept that after every big win or big loss we need some time gap. Then only can able to save our winning amount or else as you said we lose that money in the same day.

DrGuns4Hands

hero member

Activity: 910

Merit: 550

I'm always betting on lowest bet then after wards when you feeling the luck on you go with the right chance and put your highest amount of bet and if you win "IF" don't bet again and comeback after 2-3 days in order to have a luck again if you stillbet you will just lost all your money in that time . i've been playing dice game for a long time and this works on me.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: chris200x9 on June 22, 2017, 08:16:57 AM

Quote from: btc_angela on April 17, 2017, 10:29:24 AM

I'll start with 101-1000 satoshi then gradually increase it as my bankroll would increase. I used different strategy and used manual and auto roll if I feel like it. I only used small bets because I usually play for fun and not for profit. And this small bankroll is just enough for me to loss. If I won, its a plus side on me, otherwise money is ok to loss (.01BTC)

I will never deposit extra money in a dice game. I use max 0.01 or 0.015 BTC to play dice game. Sometimes I need money means I am not going to play this game. Becasue it is money wasting game. I know in this game I will not make any profit just for time pass I will play this game. Not only most of the gamblers choose this game to get fun. They don't expect any money from this game. SO how much less amount we can invest in this game that much safe we are. If you invest more money, you will lose everything at the end of the day.

We should not really expect on getting profits on playing dice game and same as your thoughts this game is just really a money waster thats why instead on thinking on making money its better to play for enjoyment no other than that because if dice game will go on opposite way it will surely frustrate you. I do manual bettings and auto mode and the amount set would be depending on my mood.

chris200x9

legendary

Activity: 1316

Merit: 1011

Quote from: btc_angela on April 17, 2017, 10:29:24 AM

I'll start with 101-1000 satoshi then gradually increase it as my bankroll would increase. I used different strategy and used manual and auto roll if I feel like it. I only used small bets because I usually play for fun and not for profit. And this small bankroll is just enough for me to loss. If I won, its a plus side on me, otherwise money is ok to loss (.01BTC)

I will never deposit extra money in a dice game. I use max 0.01 or 0.015 BTC to play dice game. Sometimes I need money means I am not going to play this game. Becasue it is money wasting game. I know in this game I will not make any profit just for time pass I will play this game. Not only most of the gamblers choose this game to get fun. They don't expect any money from this game. SO how much less amount we can invest in this game that much safe we are. If you invest more money, you will lose everything at the end of the day.

Schuyler

hero member

Activity: 518

Merit: 500

Quote from: avatar_kiyoshi on April 02, 2017, 02:02:26 PM

Dice is the most unpredictable and I can't really good to play it, I'm just pure play for fun, so I use amount to play from faucet which offered from dice site itself or some giveaway that I earn.

The probability I'll make my betting strategy around depends on what probability is suited to my staking plan which is far more important given in this game the 1% house edge is always the same no matter what number I choose. Because all dice bets having the same 1% expected value, dice is all about the staking plan. The simplest staking plan is to always bet the same amount, if you do that for long enough your results should be in line with the house edge. Let’s look at some more fun and potentially profitable possibilities.

btc_angela

hero member

Activity: 2660

Merit: 551

I'll start with 101-1000 satoshi then gradually increase it as my bankroll would increase. I used different strategy and used manual and auto roll if I feel like it. I only used small bets because I usually play for fun and not for profit. And this small bankroll is just enough for me to loss. If I won, its a plus side on me, otherwise money is ok to loss (.01BTC)

LuanX3

hero member

Activity: 756

Merit: 505

Quote from: Mike Mayor on April 08, 2017, 11:59:57 AM

Quote from: RoommateAgreement on April 07, 2017, 11:31:39 PM

Quote from: LuanX3 on April 07, 2017, 02:20:06 AM

I start with 0.08btc, this is a lot of money and really I can't afford to lose this amount of money (kids don't try this at home, we are professionals LOL). Well I just bet it at 95% chance and pray to god it doesn't lose. I do this ultill I get around 0.02btc and I remove my 0.08btc. Then I work with that amount. I would say that I once lose the 0.08 but really just went break even.

this is a very bad strategy. i have tried it.
the badness is because it gives you some false sense of winning but in fact you are winning tiny amounts. and to accumulate 0.02BTC for example, you need to make a lot of bets (i don't know how many but it is A LOT) and when you make a lot of bets the chance of losing is also growing by it.

and guess what when you lose once you lose 0.08BTC but when you win 1000 times you haven't yet accumulated 1/10 of it!

I agree. I think it's better to double up. Risk 0.08 to win another 0.08 do not risk 0.08 to win 0.004 even if the chance to lose is less. It is the same thing to make one roll of 50/50 as it is to make 10 rolls of 95% I would be afraid to lose the whole amount before even reaching halfway. Rather lose 0.08 all at once. Or try rolling 0.02 at a time. If you win stop. If not go again if you win stop you will not have lost money. But if you miss the second roll you lost half. Better then all I think or you can roll 0.04 to recover if you lucky.

About the 95% vs the 50%, that is quite true. You are just better off just waging your bet at double payout than just risking it for a fraction of the bet size. You will not win in the long run anyway so just try your luck at 50% than going all in at low payouts that can totally just eat up your balance in an instant.

Mike Mayor

hero member

Activity: 966

Merit: 535

Quote from: RoommateAgreement on April 07, 2017, 11:31:39 PM

Quote from: LuanX3 on April 07, 2017, 02:20:06 AM

I start with 0.08btc, this is a lot of money and really I can't afford to lose this amount of money (kids don't try this at home, we are professionals LOL). Well I just bet it at 95% chance and pray to god it doesn't lose. I do this ultill I get around 0.02btc and I remove my 0.08btc. Then I work with that amount. I would say that I once lose the 0.08 but really just went break even.

this is a very bad strategy. i have tried it.
the badness is because it gives you some false sense of winning but in fact you are winning tiny amounts. and to accumulate 0.02BTC for example, you need to make a lot of bets (i don't know how many but it is A LOT) and when you make a lot of bets the chance of losing is also growing by it.

and guess what when you lose once you lose 0.08BTC but when you win 1000 times you haven't yet accumulated 1/10 of it!

I agree. I think it's better to double up. Risk 0.08 to win another 0.08 do not risk 0.08 to win 0.004 even if the chance to lose is less. It is the same thing to make one roll of 50/50 as it is to make 10 rolls of 95% I would be afraid to lose the whole amount before even reaching halfway. Rather lose 0.08 all at once. Or try rolling 0.02 at a time. If you win stop. If not go again if you win stop you will not have lost money. But if you miss the second roll you lost half. Better then all I think or you can roll 0.04 to recover if you lucky.

Winner

legendary

Activity: 1190

Merit: 1000

Look ARROUND!

I think that the best method to using the Dice Gambling websites would be to start small and maybe work out a strategy that you feel will make money. When people spend a bunch of money on Dice within a single roll -they tend to get upset when they lose a bunch of money and claim that Dice games are all rigged.
Manage your money before beginning to Gamble and you could play Gambling games for a very long time.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: Red-Apple on April 02, 2017, 10:08:37 AM

i was wondering what bet sizes is the most popular among gamblers around here who are gambling in Dice games so i decided to create this POLL here. please make sure to vote and leave your comments if you liked.

this is the amount where you start with, the smallest bet size for example in your martingale or any other strategy you use.

I don't play gambling dice with bitcoin i use ethereum for betting on dice gambling on https://www.vdice.io
everything depend on the contract of dice on there well,
I don't use any strategy in dice gambling and usually I just play gambling dice with small amount of betting
about 0.2ETH up to 0.4 maximal, hey op should you add other coins in your poll at here it will be complete. Thanks

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

Quote from: LuanX3 on April 07, 2017, 02:20:06 AM

I start with 0.08btc, this is a lot of money and really I can't afford to lose this amount of money (kids don't try this at home, we are professionals LOL). Well I just bet it at 95% chance and pray to god it doesn't lose. I do this ultill I get around 0.02btc and I remove my 0.08btc. Then I work with that amount. I would say that I once lose the 0.08 but really just went break even.

this is a very bad strategy. i have tried it.
the badness is because it gives you some false sense of winning but in fact you are winning tiny amounts. and to accumulate 0.02BTC for example, you need to make a lot of bets (i don't know how many but it is A LOT) and when you make a lot of bets the chance of losing is also growing by it.

and guess what when you lose once you lose 0.08BTC but when you win 1000 times you haven't yet accumulated 1/10 of it!

Slark

legendary

Activity: 1862

Merit: 1004

Seeing how many martingale fans are out there I'm not surprised that they like to start with 1-100 satoshis and this option will top in the poll.

Personally I am more of a flat betting enthusiast and I would rather use higher betting rates without doubling it out after a loss.

Something like 50k satoshis is absolute minimum for me. But normally I like to bet with 0.0004 BTC = about half a dollar.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: BitcoinPC on April 07, 2017, 09:09:52 AM

Well, no doubt dice is most popular game in online gambling sites, and mostly i saw everyone like to play it, and also i m one of them. I like dice game and usually every week i play it, and my bet size is more than 1000 satoshi to 10000 satoshi. Actually in dice if i win than i feel proud, because in dice only lucky persons win in it.

I too usually bet more than 1000 satoshi for each bet but only when I'm rolling for very high profit then I will reduce that amount for a while. I play very rarely this game but when I play I use around 0.1BTC as bankroll and play for some time. Most of the time this game need only luck to win money.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: michkima on April 07, 2017, 05:29:11 AM

Quote from: batang_bitcoin on April 07, 2017, 04:29:33 AM

Quote from: Nagadota on April 06, 2017, 07:38:57 PM

Quote from: batang_bitcoin on April 06, 2017, 06:30:52 PM

I'm not that a big gambler / dicer and I just want to try out my luck if that is going to work out and will give me some good return for having small amount. I voted 101-1000 satoshi's. I guess that amount is already a safe place for dicing and for me it is not that a big amount and I can avail to lose if ever I'm not that lucky.

Yeah I get that, when you have a really tiny amount of Bitcoin you can mess about on dice games because of the chance that you'll earn slightly more, as long as you recognise that in the long term it won't benefit you it's fine to do this with small amounts of money.

Yeah I don't want to get serious with it and I don't want to hurt myself by betting big amount or allocating a lot of bitcoins with dice games. So for me the safe way of gambling is by betting small amount and don't be greedy because that will lead you for betting bigger amount that can give you an headache.

That is where self-control should kick in. If you control yourself whenever the time arises that you are tempted to deposit more and gamble some more, then that would be good for you. So I think having a set deposit amount that you will not top-up is a great strategy in any gambling game.

And I'm doing my best to keep myself on cool, I just chill out whenever I play it is why I don't want to take the risk. Having fun for small amount of satoshi's but still I'm aiming for some profit but I know the fact that making profit with small capital is very low. I came from addiction already and I know myself when I lose my control.

Topic: what bet size do you start with when gambling dice? (Read 1775 times)