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Topic: Why do people still play dice? - page 19. (Read 22267 times)

sr. member
Activity: 321
Merit: 250
August 20, 2015, 09:03:08 PM
i think poker sounds more fair than anything else. Only rake is kinda a deal.
I don't play dice anymore because of more options games for choosing in casino sites ... like Texas holdem poker
hero member
Activity: 546
Merit: 500
August 20, 2015, 08:15:38 PM
I don't play dice anymore because of more options games for choosing in casino sites ... like Texas holdem poker
hero member
Activity: 952
Merit: 516
August 20, 2015, 05:33:01 PM
if you play dice withiout any money being involved i would be really really surprised.

Take a look at https://doge-dice.com

It is exactly that: dice without any money being involved. It's basically a clone of Just-Dice, but without the crypto.

I don't think I've posted about it for months, or mentioned it anywhere for days, and yet I just peeked in and sure enough there's one guy playing it:



He's playing with worthless play money, presumably just for fun.

Well i might be wrong but probably a lot of people that play there do it to test their ´´strategies´´ but hey if they play for fun and they have fun, good for them
legendary
Activity: 2940
Merit: 1333
August 17, 2015, 02:20:09 AM
at JD I got 20 losing streak and 23 win streak! I think it's very hard to get 30 loss streak at JD!

that is the catch .. if you toss a coin there is a possibility to get 1000 times HEADS ...but at these dice sites why dont you get 100 reds at 2x ??

The probability of getting 1000 heads in a row when tossing a coin is exactly the same as the probability of losing 1000 50% bets in a row on a fair dice site.

So what is the catch to which you refer?

You seem confused about something, but not expressive enough to make the source of your confusion clear to me.

You never see 100 losses in a row at 50% for the exact same reason that you never see 100 heads in a row when tossing a coin - both are incredibly unlikely to ever happen in your lifetime.

Let's put it this way. If 8 billion people each tossed a coin every second, it would take an expected 5 trillion years before one of them tossed 100 heads in a row. That's why you don't see 100 "reds" at 2x, or 100 "heads" when tossing a coin.

Hopefully that helps make it clearer...

Quote
Showing my working:

>>> 2**100 / 8e9 / 60 / 60 / 24 / 365 / 1e12
5.024617105166435

(8 billion people, 60 seconds per minute, 60 minutes per hour, 24 hours per day, 365 days per year, 1e12 units per trillion)
sr. member
Activity: 593
Merit: 250
August 16, 2015, 09:38:05 PM
I believe why they still play dice is because dice is a simple and easy gambling tool, Compared to those games with complex rule, dice is easy and fast, you know some people are just gamblers.
sr. member
Activity: 364
Merit: 250
August 16, 2015, 05:54:19 PM
I personally don't know why people are so into the decide games maybe its the small house edge that makes them playing it or small waiting times... though those are just my ideas
sr. member
Activity: 420
Merit: 250
August 16, 2015, 05:23:00 PM
The longest losing streak ever i got with 50% win chance it was 23 red at primedice and the longest winning streak i got it was 18 green and that too at primedice, i never experienced more than that with 50% win chance.

at JD I got 20 losing streak and 23 win streak! I think it's very hard to get 30 loss streak at JD!
that is the catch .. if you toss a coin there is a possibility to get 1000 times HEADS ...but at these dice sites why dont you get 100 reds at 2x ??

It is simply because there are not enough rolls yet. The chance to get 100 reds in a row is roughly 1 in 2^100 and there are only billions of dice rolls made.

well technically its possible to get 5000 loses in a row and even more than that as it will still be 50% chance to loose
hero member
Activity: 896
Merit: 1000
August 16, 2015, 10:25:57 AM
The longest losing streak ever i got with 50% win chance it was 23 red at primedice and the longest winning streak i got it was 18 green and that too at primedice, i never experienced more than that with 50% win chance.

at JD I got 20 losing streak and 23 win streak! I think it's very hard to get 30 loss streak at JD!
that is the catch .. if you toss a coin there is a possibility to get 1000 times HEADS ...but at these dice sites why dont you get 100 reds at 2x ??

It is simply because there are not enough rolls yet. The chance to get 100 reds in a row is roughly 1 in 2^100 and there are only billions of dice rolls made.
full member
Activity: 154
Merit: 100
August 16, 2015, 09:38:56 AM
The longest losing streak ever i got with 50% win chance it was 23 red at primedice and the longest winning streak i got it was 18 green and that too at primedice, i never experienced more than that with 50% win chance.

at JD I got 20 losing streak and 23 win streak! I think it's very hard to get 30 loss streak at JD!
that is the catch .. if you toss a coin there is a possibility to get 1000 times HEADS ...but at these dice sites why dont you get 100 reds at 2x ??
legendary
Activity: 1904
Merit: 1000
August 16, 2015, 06:29:14 AM
The longest losing streak ever i got with 50% win chance it was 23 red at primedice and the longest winning streak i got it was 18 green and that too at primedice, i never experienced more than that with 50% win chance.

at JD I got 20 losing streak and 23 win streak! I think it's very hard to get 30 loss streak at JD!
legendary
Activity: 2940
Merit: 1333
August 14, 2015, 01:37:13 PM
if you play dice withiout any money being involved i would be really really surprised.

Take a look at https://doge-dice.com

It is exactly that: dice without any money being involved. It's basically a clone of Just-Dice, but without the crypto.

I don't think I've posted about it for months, or mentioned it anywhere for days, and yet I just peeked in and sure enough there's one guy playing it:



He's playing with worthless play money, presumably just for fun.
legendary
Activity: 2940
Merit: 1333
August 14, 2015, 01:32:51 PM
That's how often losing streaks of length 30 or more come up if you play at 50.5%.

I had calculated the win odds instead of the lose odds, but you didn't find that. Grin

Well, I pointed out that you had calculated how hard it is to LOSE 30 times at 50.5%.

That, of course, is the same as how hard it is to WIN 30 times at 49.5%.

I didn't explicitly state that, but why else would you be looking at a 50.5% chance? Nobody ever plays at 50.5%, but they play at 49.5% all the time.
full member
Activity: 290
Merit: 127
August 14, 2015, 11:01:50 AM
because although there is huge risk it still seen as an easy way to make tons of money and many think that strategy like martingale are not flawed beyond belief
and even if for some of them it's clear enough that the odd aren't 50:50 they are yet to stop playing, those are mainly addicted

You're better off betting on sports than rolling dice lol....seriously if a team is like favored so heavy and they have a 90% chance of winning...even with a 1.35x payout...it can be worth it. Many gamblers don't see this payout as worth it, but as a trader, a 35% return in a couple hours is unheard of!

that 10% of loss make you bet less , and 35% become less compelling

What do you mean "10% of loss make you bet less" - I think I'm reading it wrong
i guess maybe he wants to say its still a little bit risky as for only a small 1.35x win though im not sure about it, if you calculate its ok to bet as for 10 percent loosing chance the multiplier should be 1.1x

Of course it is still risky, but the value of risk is seriously decreased if you're betting on Patriots to beat the Titans even if Titans have a 1.35x payout, the risk is pretty low.

All in all yeah, betting is riskier than trading in my opinion. At least trading if you want to cut your losses at a 10% loss you can..in betting you either win or lose 100%...

I personally do very well betting on heavy favorites sports. If I get 1.35x over 3 days, and do 2 game a day, that adds up fast with a much higher winning %.
sr. member
Activity: 420
Merit: 250
August 14, 2015, 10:43:38 AM
because although there is huge risk it still seen as an easy way to make tons of money and many think that strategy like martingale are not flawed beyond belief
and even if for some of them it's clear enough that the odd aren't 50:50 they are yet to stop playing, those are mainly addicted

You're better off betting on sports than rolling dice lol....seriously if a team is like favored so heavy and they have a 90% chance of winning...even with a 1.35x payout...it can be worth it. Many gamblers don't see this payout as worth it, but as a trader, a 35% return in a couple hours is unheard of!

that 10% of loss make you bet less , and 35% become less compelling

What do you mean "10% of loss make you bet less" - I think I'm reading it wrong
i guess maybe he wants to say its still a little bit risky as for only a small 1.35x win though im not sure about it, if you calculate its ok to bet as for 10 percent loosing chance the multiplier should be 1.1x
full member
Activity: 290
Merit: 127
August 14, 2015, 10:34:55 AM
because although there is huge risk it still seen as an easy way to make tons of money and many think that strategy like martingale are not flawed beyond belief
and even if for some of them it's clear enough that the odd aren't 50:50 they are yet to stop playing, those are mainly addicted

You're better off betting on sports than rolling dice lol....seriously if a team is like favored so heavy and they have a 90% chance of winning...even with a 1.35x payout...it can be worth it. Many gamblers don't see this payout as worth it, but as a trader, a 35% return in a couple hours is unheard of!

that 10% of loss make you bet less , and 35% become less compelling

What do you mean "10% of loss make you bet less" - I think I'm reading it wrong
hero member
Activity: 639
Merit: 500
August 14, 2015, 10:21:56 AM
because although there is huge risk it still seen as an easy way to make tons of money and many think that strategy like martingale are not flawed beyond belief
and even if for some of them it's clear enough that the odd aren't 50:50 they are yet to stop playing, those are mainly addicted

You're better off betting on sports than rolling dice lol....seriously if a team is like favored so heavy and they have a 90% chance of winning...even with a 1.35x payout...it can be worth it. Many gamblers don't see this payout as worth it, but as a trader, a 35% return in a couple hours is unheard of!

that 10% of loss make you bet less , and 35% become less compelling
full member
Activity: 238
Merit: 100
August 14, 2015, 10:17:10 AM
The same reason people gamble their houses away at casinos. Human condition.
well try to avoid if you need some $$.. it's make you addicted  Wink

But if you have lucky hand you can try it, lose or win on your hands
full member
Activity: 290
Merit: 127
August 14, 2015, 10:15:41 AM
You're better off betting on sports than rolling dice lol....seriously if a team is like favored so heavy and they have a 90% chance of winning...even with a 1.35x payout...it can be worth it. Many gamblers don't see this payout as worth it, but as a trader, a 35% return in a couple hours is unheard of!
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
August 14, 2015, 10:13:07 AM
Why is this thread still active?
Dice is addicting. End of story....
i really dont see whats so addicting about dice, its boring if anything. all there is is high/low and you get to change the multiplier.

addicting for some users as they can see the result of their bet in just a second and so on. but personally for me, i dont like dice and sometimes just to kill boredom i play it

Thats ridiculous and i dont believe it, no one plays dice just to kill boredom, if you play dice withiout any money being involved i would be really really surprised.

I do check out dice and other games when I am bored. Srsly, you can't be seeing it as as source of revenue?
full member
Activity: 290
Merit: 127
August 14, 2015, 10:11:06 AM
The same reason people gamble their houses away at casinos. Human condition.
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