Which is your strategy on dice sites? - page 17.

Martingale

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Quote from: ?? on ??

My strategy is playing good old martingale, but make sure you start with enough cash.

I make sure to play that I can lose 20 times in a row, which never happened to me so far.

On what sites are you playing?
20 loss streak isn't so unprobable.

uki

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cryptojunk bag holder

Quote from: AceWallen on January 10, 2015, 06:31:14 PM

at one point, i tried a few variations of martingale, with varying levels of success. but anytime i got ahead by a few bets, i took profit and tried to run it again. take the good luck and move on. against a house edge, you're going to lose either way if you keep pushing.

that is the whole point of running any of these sites: in the long run the house has to have the advantage, in order to assure the business.

AceWallen

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at one point, i tried a few variations of martingale, with varying levels of success. but anytime i got ahead by a few bets, i took profit and tried to run it again. take the good luck and move on. against a house edge, you're going to lose either way if you keep pushing.

Shogen

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Quote from: Aemon on January 09, 2015, 02:06:44 PM

Quote from: Shogen on January 09, 2015, 01:54:13 PM

On average, you should get a x9900 win in a total of 10000 bets. So if you make 100 bets a day, it takes you on average a bit more than 3 months.

I guess that depends on what you mean by average. If you roll that many times you roughly have a 66.67% chance of hitting it. I would say that is slightly above average.

I was talking about the mean, while you was talking about the median.
BTW, the chance of getting 10000 losing bets in a row is (1-0.01%)^10000 = 36.79% and the chance of getting at least 1 winning bet is 1-36.79% = 63.21%

Aemon

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Quote from: Shogen on January 09, 2015, 01:54:13 PM

On average, you should get a x9900 win in a total of 10000 bets. So if you make 100 bets a day, it takes you on average a bit more than 3 months.

I guess that depends on what you mean by average. If you roll that many times you roughly have a 66.67% chance of hitting it. I would say that is slightly above average.

gameboyadvance

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Quote from: Shogen on January 09, 2015, 01:51:34 PM

Quote from: steadyeddie on January 08, 2015, 04:46:49 AM

I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterion

Know that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe Grin

The Kelly formula is used when you are going to play games with positive EV, like when you are investing in the bankroll of a site.
For negative EV games, the Kelly formula tells you not to play at all.

yep this is true. Kelly stake is percentage of bankroll = edge / (odds -1)

Pantheon

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my strategy is placing the principal to be small, and stay small so you dont have to lose a significant amount and start over.

Shogen

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Quote from: Oriannaa on January 09, 2015, 01:08:51 PM

Quote from: Seketsuna on January 08, 2015, 07:30:52 PM

my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..

Yeah, but how long does that usually take to even hit it once lolol.

like 3 months?

On average, you should get a x9900 win in a total of 10000 bets. So if you make 100 bets a day, it takes you on average a bit more than 3 months.

Shogen

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Quote from: steadyeddie on January 08, 2015, 04:46:49 AM

I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterion

Know that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe Grin

The Kelly formula is used when you are going to play games with positive EV, like when you are investing in the bankroll of a site.
For negative EV games, the Kelly formula tells you not to play at all.

gameboyadvance

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some guy rolled 0.0 a few days ago. Cant remember the thread I saw it in. He had x9900

Oriannaa

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Quote from: Seketsuna on January 08, 2015, 07:30:52 PM

my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..

Yeah, but how long does that usually take to even hit it once lolol.

like 3 months?

Aemon

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Quote from: Seketsuna on January 08, 2015, 07:30:52 PM

my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..

Lol nice strat! Have you hit at all yet? I think I have rolled 1 0 since I started there, and of course I didn't have the multiplier set correctly.

Seketsuna

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my strategy is use pd faucet, set multiplier to x9900, and pray that you will hit it..

pureelite

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25x (odd)
increase on loss by 11%
and wish that it wont kill me in first rolls Cheesy

haha

Olaf

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Just consider the hours to get that hard earned money, before you place your bet lol.

Also the risk tolerance is based on the individual, but if you win more then you lose then go for it. But just know you lose some times, even if you are good.

Nunu

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Never do YOLO rolls. Just consider using what you can afford to lose and if you lose at least you can walk away with a smile.

And then go buy some food its what I usually do.

samuel999

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Try not to lose too much, try win a lot, usually doesn't work though.

Danydee

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keep cool.

if not, report playing for another time

Aristoff

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Quote from: jasabbm on December 11, 2014, 10:04:20 AM

Which is your strategy?? Let's share it Grin

I think you have not a large amount - about 10,000 Satoshi put the multiplier on x9900 and bet 1 Satoshi ... sooner or later, but this should work, if it works twice you will double your initial money ...
something like this ...

kpitti

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Quote from: Aemon on January 08, 2015, 09:03:32 AM

Quote from: steadyeddie on January 08, 2015, 04:46:49 AM

I think the only important rule to keep track of when playing a pure luck based game and you want to maximize your playing time is the Kelly criterion - http://en.wikipedia.org/wiki/Kelly_criterion

Know that the odds are always against you though, so over time you will lose. Perhaps the best bet is to bet everything you own on one single bet hehe Grin

I am pretty sure it is proven that the best odds you will ever have is to YOLO. The more and more you play the more and more the odds are stacked up against you.

Exactly House edge is against you. Longer time you play the mathematics is working .... you are loosing. Also if you play for a long time you are going to be a gambler and I found that I tent to loos my control - just focusing to recover and win!!! This is worst scenario.

Topic: Which is your strategy on dice sites? - page 17. (Read 23116 times)