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Topic: 🐺WOLF.BET - Advanced Dice Game 🎲 Sportsbook 🏟️ Slots 🎰 - page 79. (Read 50406 times)

legendary
Activity: 2772
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But let me guess, you haven't seen it even once. So what makes you think you can easily see them? Did you check the odds? If you didn't, I did. The exact odds are 0.0000002384185791. Put in more layman terms, you need to roll around 4 million times to have a 50% chance of seeing that long streak.

It's actually 25.676%  Smiley
Worth noting that with enough bankroll (16777216 units) to survive 23 consecutive losses, 4 million rolls will profit you around 2 million units, for an effective 1.12x multiplier. A simple 1.12x bet against a 1% edge would give you an 88.39% of winning said amount, while martingaling reduces it to 74.324%.
legendary
Activity: 3010
Merit: 1280
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I myself have played dice many times on 1% house edge but never got 23 losses in a row.  

The maximum losing streak I got so far is around 16, haven't got the chance to move up because my fund is depleted by then.  Anyway, the martingale is indeed a good strategy to recuperate losses if we are lucky but very devastating if luck does not smile on us.  Whether the martingale strategy is good for players or not, depends on how the player utilizes it.  At the end of the day, it is the one who is playing who calls the roll.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
But let me guess, you haven't seen it even once. So what makes you think you can easily see them? Did you check the odds? If you didn't, I did. The exact odds are 0.0000002384185791. Put in more layman terms, you need to roll around 4 million times to have a 50% chance of seeing that long streak. With 30 losses in a row you would have to roll a billion times. To keep things in perspective, if you roll nonstop 1 roll a second 24/7, it will take you 30 years to get there

I myself have played dice many times on 1% house edge but never got 23 losses in a row. 
Can you give this calculation if the house edge is 1% which if offered by most of the casino's

The math is actually quite simple

When you bet on a 50% win chance, your chance to lose in a series of one roll is, well, 50%, and on average you will have to make 2 rolls to get there (which is 1/0.5). Then the odds of losing two times in a row are 0.5x0.5=0.25, so on average you will have to make 4 rolls to encounter it (1/0.25). Consequently, the odds of losing 23 times in a row are 0.523, which is 0.000000119209289 (it seems that I have missed one roll in my previous post). And it will take you 1/0.000000119209289=8388608 rolls on average to see so long a losing streak. The house edge itself doesn't change the odds as such, but what it does change is the amount you win or lose, i.e. on a 50% win chance you will lose more and win less than if it were a totally fair play (i.e. real 50/50)
full member
Activity: 1134
Merit: 105
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily

How many times have you seen 23 losses in a row on a 2x payout yourself?

But let me guess, you haven't seen it even once. So what makes you think you can easily see them? Did you check the odds? If you didn't, I did. The exact odds are 0.0000002384185791. Put in more layman terms, you need to roll around 4 million times to have a 50% chance of seeing that long streak. With 30 losses in a row you would have to roll a billion times. To keep things in perspective, if you roll nonstop 1 roll a second 24/7, it will take you 30 years to get there

I myself have played dice many times on 1% house edge but never got 23 losses in a row. 
Can you give this calculation if the house edge is 1% which if offered by most of the casino's.
newbie
Activity: 6
Merit: 0
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily,  some players said they had even 30 red.   Ok, without house edge it would be 29 red.  So you would win?   Cheesy Cheesy Cheesy

I think it's impossible to get 0% house edge, every I play in dice game, it's just not probability to get green because we don't know how much lost strike every payout we play.

It seems you dont understand what I mean! I mean even if it would 0% house edge you would lose anyway,  martingale is just a bad strategy


they will never not take advantage, because one of the advantages of the house edge, without that I agree the possibility to get a victory will be smaller
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily

How many times have you seen 23 losses in a row on a 2x payout yourself?

But let me guess, you haven't seen it even once. So what makes you think you can easily see them? Did you check the odds? If you didn't, I did. The exact odds are 0.0000002384185791. Put in more layman terms, you need to roll around 4 million times to have a 50% chance of seeing that long streak. With 30 losses in a row you would have to roll a billion times. To keep things in perspective, if you roll nonstop 1 roll a second 24/7, it will take you 30 years to get there
legendary
Activity: 3136
Merit: 1172
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Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily,  some players said they had even 30 red.   Ok, without house edge it would be 29 red.  So you would win?   Cheesy Cheesy Cheesy

I think it's impossible to get 0% house edge, every I play in dice game, it's just not probability to get green because we don't know how much lost strike every payout we play.

It is not impossible because there are some sites offer 0% house edge for promotional purpose but it does not give you any guarantee of winning. Indeed you have a bit higher winning chance on each bet but in the long term you will find bad lose streak on 0% house edge dice game since every single bet is independent.

Some newbies who are recently started playing gambling think that with zero percent house edge they have more chances to win but this is not actually the case. Even with 0% house edge the casino will still win and the player will lose. Also some casino falsely claim that they offer 0% house edge but in reality they do not.
legendary
Activity: 3066
Merit: 1312
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily,  some players said they had even 30 red.   Ok, without house edge it would be 29 red.  So you would win?   Cheesy Cheesy Cheesy

I think it's impossible to get 0% house edge, every I play in dice game, it's just not probability to get green because we don't know how much lost strike every payout we play.

It is not impossible because there are some sites offer 0% house edge for promotional purpose but it does not give you any guarantee of winning. Indeed you have a bit higher winning chance on each bet but in the long term you will find bad lose streak on 0% house edge dice game since every single bet is independent.
sr. member
Activity: 1092
Merit: 273
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily,  some players said they had even 30 red.   Ok, without house edge it would be 29 red.  So you would win?   Cheesy Cheesy Cheesy

I think it's impossible to get 0% house edge, every I play in dice game, it's just not probability to get green because we don't know how much lost strike every payout we play.

It seems you dont understand what I mean! I mean even if it would 0% house edge you would lose anyway,  martingale is just a bad strategy
newbie
Activity: 3
Merit: 0
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily,  some players said they had even 30 red.   Ok, without house edge it would be 29 red.  So you would win?   Cheesy Cheesy Cheesy

I think it's impossible to get 0% house edge, every I play in dice game, it's just not probability to get green because we don't know how much lost strike every payout we play.
sr. member
Activity: 1092
Merit: 273
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.

what is that  Cheesy Cheesy Cheesy Cheesy  a joke?  or you never played dices at all?
Even with 0% house edge you will lose with martingale, on 2x payout can be 23 red easily,  some players said they had even 30 red.   Ok, without house edge it would be 29 red.  So you would win?   Cheesy Cheesy Cheesy
legendary
Activity: 2100
Merit: 1058
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.
What some of the addicted gamblers who are trying to achieve (and fail miserably) and say that "some guy they know does it" (which is a lie by that guy as well) maaaybe they could just play a little, they do not have to gamble too much but just a little.

For example, how much would you need for living? Let's say 100 bucks a day? So, you do martingale for 1 dollars, ideally you make 100 in a row but we know that is not going to happen, you put in money there and continue to gamble for 1 dollar per bet and if you win you got it, if you lose you double and in the end if for 100 dollar profit there is no 10-20 times loss you will end up with your 100 dollars.

Some days you may end up losing a lot of money, some days you may win and in the end if winning days outpace the losing days, you will be in profit. However what they fail to realize is that, when you lose, you lose big, and it is hard to recover.
sr. member
Activity: 980
Merit: 260
Quote
In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.

In a sense it is clear that no matter which casino you got to and which strategy you use as a gambler or an occasional player you're deemed indeed to lose at some point even if you probabilistically happen to win at first. The reason for this is simple - house edge.

Of course, this doesn't apply to casinos whose algorithm can be exploited and manipulated such that you always win even after considering the house edge.
legendary
Activity: 2464
Merit: 1102
Great upgrade on the autobet features as it includes some ready to use strategies. Players do not need to set up the strategy manually.
I have never seen any sites with such features before so I think wolf.bet is the first one to implement this feature.
Most other sites are using 3rd party dicebot or players need to create their own script in order to use such strategies.
I think other sites will follow it in the near future if it will be a succeed feature that be used by many players.
Any news or clues that wolf.bet will add more games in the near future?
It is really cool for wolf.bet to make something that gets this much attention, these are the features that any casino that should add (not just this exact feature, just any feature that gets this much attention) because in the end you are talking about them and you are making them more interesting for other people. Sure there are methods that people feel more comfortable, and there are methods where you could get lucky for a while. But, nobody in the whole world could make me believe that there is a way to make money in the long term.

In the long term we are talking about house edge and as long as there is a house edge the gambler is doomed to lose money. You can make a quick buck, and maybe you could make a quick buck back to back, that seems like the only possible method to make money honestly.
legendary
Activity: 1463
Merit: 1886
So it's possible to use a very carefully crafted martingale strategy to make it less unfavorable for the player to achieve a certain result. (e.g. instead of a 49.5% chance of doubling, you can lift it to a possible max of 49.65%). The way this works is by lowering your expected wager amount, while keeping aiming at your desired profit.


Although, I think you can invert this -- and say: Why does the casino punish users for using the normal UI for placing a bet? If it's possible to use a carefully crafted strategy to double your money with 49.65% chance, why if I use the normal bet form do I only get a 49.5% chance?


(I guess this comes down to my argument that flat-house-edges for different payouts are easy to understand but the wrong thing to do for players. Both my previous projects bustabit(v1) and moneypot didn't use fixed house edges, but I think it was misunderstood and under appreciated  )
legendary
Activity: 2688
Merit: 2077
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Your thread started out rational for a second there if we ignore the 'edge if only by chance alone' part.

legendary
Activity: 2772
Merit: 3284
The screenshot you quoted lists the default strategies

This is not my screenshot

No, but you quoted it. Presumably you'd be aware of it's existence given that you responded to someone who posted it. (Alternatively, I'm sorry for assuming that you're not a signature spammer who doesn't read the posts they reply to)

And?

Okay, I apologize for assuming that you'd be aware of something that you explicitly quoted. :shrug:


So 0.00000001 DOGE, 2.6757x payout (37% win chance). What other settings? Why are you so unwilling to clearly lay everything out?

Are you kidding me?

That was what I got from that thread.

Do you seriously assume I have any inclination to talk to you at all? To set things straight, I'm replying to you here only because this is the official thread of Wolf.bet (read, I kinda have to). In any other thread I would have long ignored your replies altogether

No one's forcing you to respond. You stated something misleading and inaccurate (potentially to the detriment of others) and have had every opportunity to justify your position, and yet you refuse. Don't be surprised when people correct your false statements. Had you stated earlier "here's the strategy I use, here's the math behind it, as you can clearly see it gives the player +EV and lets them ruin the house, you're very incorrect and don't know what you're talking about", we wouldn't be this many replies in.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
The screenshot you quoted lists the default strategies

This is not my screenshot

No, but you quoted it. Presumably you'd be aware of it's existence given that you responded to someone who posted it. (Alternatively, I'm sorry for assuming that you're not a signature spammer who doesn't read the posts they reply to)

And?


So 0.00000001 DOGE, 2.6757x payout (37% win chance). What other settings? Why are you so unwilling to clearly lay everything out?

Are you kidding me?

Do you seriously assume I have any inclination to talk to you at all? To set things straight, I'm replying to you here only because this is the official thread of Wolf.bet (read, I kinda have to, of my own accord). In any other thread I would have long ignored your replies altogether
legendary
Activity: 2772
Merit: 3284
The screenshot you quoted lists the default strategies

This is not my screenshot

No, but you quoted it. Presumably you'd be aware of it's existence given that you responded to someone who posted it. (Alternatively, I'm sorry for assuming that you're not a signature spammer who doesn't read the posts they reply to).


So 0.00000001 DOGE, 2.6757x payout (37% win chance). What other settings? Why are you so unwilling to clearly lay everything out?
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Wolfbet offers DOGE and you said that them adding default strategies benefits gamblers, so I don't see why they are implicitly excluded

I never said that

And I couldn't say that because I'm not even familiar with their default strategies. I saw them in the list, that's true, but I didn't look into them. You seem to be confusing me with someone else. As I got it, they added something like a scripting language which allows to fine tune very specific martingale setups like the one described in the Martingale Revisited thread, but yet more advanced. And this is the killer feature from my point of view, not Wolf.bet default strategies. Regardless, it should be obvious that I won't be using a preset strategy

Quote: (emphasis mine)


This do really less up the hassle on setting up things..A very nice add up Wolf.bet team!

I'm a little surprised myself. Many casinos are actually trying to prevent people from utilizing martingale in a productive way by, for example, setting the minimum bet size to an amount which makes martingale an exercise in stupidity and futility. Wolf.bet seems to be turning the tables in favor of gamblers, and I'm utterly interested to see how other kids on the block are going to react, whether they will follow the lead or continue to lose their user base

The screenshot you quoted lists the default strategies

This is not my screenshot. I don't even know whether D'Alembert and Paroli have anything to do with martingale. And technically, you can't even claim that I said that Wolf.bet is turning the tables in favor of gamblers. So what's your point?

What is your exact strategy then?

https://bitcointalksearch.org/topic/martingale-revisited-5168782
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