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Author Topic: (Popular) betting strategies that aren't Martingale?  (Read 1847 times)
Lorenzo
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June 02, 2015, 01:02:46 AM
 #1

First of all, I know what a house edge is and that there is no such thing as a betting strategy that allows one to seriously "beat the house edge". So with that being said, this is intended to be more of a fun experiment rather than anything particularly serious.

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques. Everyone already knows about Martingale, but are there any other popular dice betting strategies out there? I remember seeing someone using a reverse Martingale strategy once where they would double their bet after every win rather than every loss (or at least that's how I think it went).

Anyone know of any others? Ideally I'd like to compare the most popular ones but any suggestions are appreciated.
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June 02, 2015, 02:00:34 AM
 #2

I only know a game where you can beat the house edge, and it is in moneypot

I think that strategies do not make sense in random games
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June 02, 2015, 02:09:41 AM
 #3

First of all, I know what a house edge is and that there is no such thing as a betting strategy that allows one to seriously "beat the house edge". So with that being said, this is intended to be more of a fun experiment rather than anything particularly serious.

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques. Everyone already knows about Martingale, but are there any other popular dice betting strategies out there? I remember seeing someone using a reverse Martingale strategy once where they would double their bet after every win rather than every loss (or at least that's how I think it went).

Anyone know of any others? Ideally I'd like to compare the most popular ones but any suggestions are appreciated.

There is another "strategy" called Labouchère (and reverse Labouchère), that is popular enough such that seuntjie has added it to his dicebot.
For details, you may refer to http://en.wikipedia.org/wiki/Labouchère_system and http://wizardofodds.com/gambling/betting-systems/cancellation/

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June 02, 2015, 03:56:35 AM
 #4

I only know a game where you can beat the house edge, and it is in moneypot

I think that strategies do not make sense in random games

It's definitely possible to make a semi-consistent profit on skill-based games. In regards to random games such as dice, no strategies really "make sense" since the odds are always against you winning. That doesn't mean that different strategies can't produce different results though. For example, someone managed to graph the results of those who play via Martingale vs. flat betting and they found the distribution of net gain for both groups to be quite different:



First of all, I know what a house edge is and that there is no such thing as a betting strategy that allows one to seriously "beat the house edge". So with that being said, this is intended to be more of a fun experiment rather than anything particularly serious.

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques. Everyone already knows about Martingale, but are there any other popular dice betting strategies out there? I remember seeing someone using a reverse Martingale strategy once where they would double their bet after every win rather than every loss (or at least that's how I think it went).

Anyone know of any others? Ideally I'd like to compare the most popular ones but any suggestions are appreciated.

There is another "strategy" called Labouchère (and reverse Labouchère), that is popular enough such that seuntjie has added it to his dicebot.
For details, you may refer to http://en.wikipedia.org/wiki/Labouchère_system and http://wizardofodds.com/gambling/betting-systems/cancellation/

Thanks for the link. Definitely sounds a bit complicated though. Looks like I've got some more reading to do. Smiley
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June 02, 2015, 04:26:09 AM
 #5

As long casino has house edge, any betting strategies won't work for long time Roll Eyes
Usually, few casino has pattern. So, you could study it & win a lot of money

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June 02, 2015, 04:50:42 AM
 #6

As long casino has house edge, any betting strategies won't work for long time Roll Eyes
Usually, few casino has pattern. So, you could study it & win a lot of money

He definitely know that if you check the op, he is just asking for another strategy aside from martingale for his blog posts

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June 02, 2015, 04:53:14 AM
 #7

Well gambling is impossible to make a constant profit, but if you are just curious, there are differnet types of martingale such as split martingale. There is also the Labouchere Method. [urlhttp://en.wikipedia.org/wiki/Labouch%C3%A8re_system]Link[/url]

Just to let you know, there aren't any gambling methods that "work". Some may be better than others in the beginning but they all lose out in the end.
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June 02, 2015, 05:18:21 AM
 #8

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques.
TBH that sounds pretty bad and useless because of variance.

Better run millions of simulation bets in own script with the several strategies and make some cool analysis based on that.

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June 02, 2015, 05:56:54 AM
 #9

Or you could set the autobet to max bet and run it with dust and see how many x9900 or whatever the max bet is you will hit.

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June 02, 2015, 06:10:11 AM
 #10

Well first of all there is no strategy, people usually get lucky with some pattern and they consider that to be a strategy, As always said you will always lose in long run. Even martingale is created to make people win fast and lose faster. Thanks

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June 02, 2015, 07:25:59 AM
 #11

I only know a game where you can beat the house edge, and it is in moneypot

I think that strategies do not make sense in random games

It's definitely possible to make a semi-consistent profit on skill-based games. In regards to random games such as dice, no strategies really "make sense" since the odds are always against you winning. That doesn't mean that different strategies can't produce different results though. For example, someone managed to graph the results of those who play via Martingale vs. flat betting and they found the distribution of net gain for both groups to be quite different:



First of all, I know what a house edge is and that there is no such thing as a betting strategy that allows one to seriously "beat the house edge". So with that being said, this is intended to be more of a fun experiment rather than anything particularly serious.

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques. Everyone already knows about Martingale, but are there any other popular dice betting strategies out there? I remember seeing someone using a reverse Martingale strategy once where they would double their bet after every win rather than every loss (or at least that's how I think it went).

Anyone know of any others? Ideally I'd like to compare the most popular ones but any suggestions are appreciated.

There is another "strategy" called Labouchère (and reverse Labouchère), that is popular enough such that seuntjie has added it to his dicebot.
For details, you may refer to http://en.wikipedia.org/wiki/Labouchère_system and http://wizardofodds.com/gambling/betting-systems/cancellation/

Thanks for the link. Definitely sounds a bit complicated though. Looks like I've got some more reading to do. Smiley

Actually thats exactly what it means, that no matter what strategy you are using you will end up the same, statistically and mathematically after a large number of rolls you should end up with the same profit based on your % bet. Most likely you will end up with nothing tho.

Whats true is that there are better strategies if you set up a goal, like you want to make 0.01 profit then its better to bet a big amount at a high % to have ''better'' chances.



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June 02, 2015, 08:34:12 AM
 #12

Ahh that martingale...
I remember trying this in the days of satoshidice...
It was a disaster.. There are no real "betting strategies" that win in the long term, as
it was already stated by previous posts. However I heard that it is possible to
"beat" the house edge in blackjack, so that your chances of losing will be equal to winning.
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June 02, 2015, 08:44:47 AM
 #13

Ahh that martingale...
I remember trying this in the days of satoshidice...
It was a disaster.. There are no real "betting strategies" that win in the long term, as
it was already stated by previous posts. However I heard that it is possible to
"beat" the house edge in blackjack, so that your chances of losing will be equal to winning.


You heard wrong until you refer to counting cards wich is illegal in real life casinos and impossible in virtual casinos, however blackjack does indeed have one of the lowest house edges on normal casinos, slots being the worst game you could possibly play with house edges up to 20%.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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June 02, 2015, 08:55:47 AM
 #14

There is no strategy in gambling, all is your own luck.If you are lucky enough you will do just right moves and win some amount.What is reality then too you can't win against house on long term but you win against other players.In gambling many people try many different methods to win and some of them work till some point and end up in failing.Till now no method is sure to defeat house.

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June 02, 2015, 09:06:22 AM
 #15

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques.
TBH that sounds pretty bad and useless because of variance.

Better run millions of simulation bets in own script with the several strategies and make some cool analysis based on that.

I suppose that would be the best thing to do. But since all betting patterns and strategies will be losing over those million rolls, I would only expect to see things like which strategy starts to fail first. Some of them may fail faster than the other, and some will fail in a matter of a few hundred rolls.

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June 02, 2015, 09:30:40 AM
 #16

Ahh that martingale...
I remember trying this in the days of satoshidice...
It was a disaster.. There are no real "betting strategies" that win in the long term, as
it was already stated by previous posts. However I heard that it is possible to
"beat" the house edge in blackjack, so that your chances of losing will be equal to winning.


You heard wrong until you refer to counting cards wich is illegal in real life casinos and impossible in virtual casinos, however blackjack does indeed have one of the lowest house edges on normal casinos, slots being the worst game you could possibly play with house edges up to 20%.

Oh that cleared up things,  specially after I read this.
http://blackjacklife.com/online-blackjack-card-counting-is-it-possible/
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June 02, 2015, 09:41:37 AM
 #17

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques.
TBH that sounds pretty bad and useless because of variance.

Better run millions of simulation bets in own script with the several strategies and make some cool analysis based on that.

I suppose that would be the best thing to do. But since all betting patterns and strategies will be losing over those million rolls, I would only expect to see things like which strategy starts to fail first. Some of them may fail faster than the other, and some will fail in a matter of a few hundred rolls.

Yeh, perhaps more like simulate 100,000 players with 1,000 rolls each for each strategy. I meant more like simulate bigger numbers to see if there is something interesting Tongue

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June 02, 2015, 09:58:36 AM
 #18

So anyway, I was thinking about making a series of blog posts where I try out a number of popular betting strategies on various dice sites to compare the results of different strategies and techniques.
TBH that sounds pretty bad and useless because of variance.

Better run millions of simulation bets in own script with the several strategies and make some cool analysis based on that.

I suppose that would be the best thing to do. But since all betting patterns and strategies will be losing over those million rolls, I would only expect to see things like which strategy starts to fail first. Some of them may fail faster than the other, and some will fail in a matter of a few hundred rolls.

Yeh, perhaps more like simulate 100,000 players with 1,000 rolls each for each strategy. I meant more like simulate bigger numbers to see if there is something interesting Tongue

And, the casino owner will be happy since he will earn a lot of money Tongue

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June 02, 2015, 12:19:51 PM
 #19

as far as I have found out, there is no "real" or "working" strategy for winning in gambling, everybody uses different strategies but none of them are guaranteed to work.

sometimes people win once by using a specific strategy and think that this is the working one but in long term they realize that they were wrong.

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June 02, 2015, 12:40:08 PM
 #20

the best strategy is to bet in one bet how much you want to win and if you win just quit playing it will lead to easy profit

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