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Author Topic: House edges compound - Why people always seem to lose at dice  (Read 1342 times)
vennali
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July 09, 2015, 06:44:05 PM
 #21

it's really an interesting topic , some people think that 1% house edge is low but maybe they should read this thread
that's why dice in the long run is very -EV , more bets can lead to incredible results
so yes maybe people who like to play dice should set small goals and try to reach them with few bets

I doubt people will stop gambling even after realizing its heavily -EV. I am sure most of the people are aware of the fact but still chose to gamble even after knowing all that. One roll is all they should play for winning it or losing it. Also since in other games like roulette house edge is more, it would probably also compound to a higher amount so its important to decide what game to gamble on.
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July 09, 2015, 06:49:54 PM
 #22

it's really an interesting topic , some people think that 1% house edge is low but maybe they should read this thread
that's why dice in the long run is very -EV , more bets can lead to incredible results
so yes maybe people who like to play dice should set small goals and try to reach them with few bets

I doubt people will stop gambling even after realizing its heavily -EV. I am sure most of the people are aware of the fact but still chose to gamble even after knowing all that. One roll is all they should play for winning it or losing it.

yeah I agree with you , it's hard for gamblers to quite especially if they used to keep rolling
but maybe they will start to wager 100 rolls a day instead of 5000
dice will stay -EV , but rolling less bets can save gamblers some money and their chance of busting their money would be less than the chance by doing thousands rolls

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