Why do people still play dice?

[TinEye]

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

[1715050804]

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[1715050804]

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[CryptyMike]

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

[sana9821]

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

[CryptyMike]

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 %.

[dooglus]

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.

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.

[dooglus]

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.

[emberbekas]

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!

[ashfaq]

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 ??

[Buziss]

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.

[sana9821]

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

[98problems]

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

[foxbitcoin]

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.

[dooglus]

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...

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)

[Bardman]

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

[Monopoly]

I don't play dice anymore because of more options games for choosing in casino sites ... like Texas holdem poker

[mudiko]

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

[dooglus]

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

Actually, poker is very hard to make provably fair.

Typically the setup is that there's a "house". You have to trust them:

 * to shuffle the deck fairly,
 * not to tell anyone what cards your are holding,
 * not to play against you,
 * etc.

You also have to trust the people you're playing against not to collude with each other (sharing hole card information, playing soft against each other, re-min-raising each other to keep you in a pot, etc.) to gain an unfair edge over you.

So long as you trust the house and everyone you're playing against it's OK. But it's not provably fair like dice sites can be.

See https://en.wikipedia.org/wiki/Mental_poker for a discussion of how poker could be made provably fair, and the trade-offs required to do so.

[Erza]

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

Yes most people are using their bankroll to try a good strategy and try to win what they loss before and I guess most of them are have a great profit too using their own strategy, but I dont know how to spend money is fun  . You lose money and still you are laughing? I dont think that is something good

[dooglus]

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

Yes most people are using their bankroll to try a good strategy and try to win what they loss before and I guess most of them are have a great profit too using their own strategy, but I dont know how to spend money is fun  . You lose money and still you are laughing? I dont think that is something good

Re-read the posts you just quoted. We are talking about playing dice for fun only. For "play chips".

[MinerHQ]

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  

But if you have lucky hand you can try it, lose or win on your hands

Play just for fun for some time otherwise you will end mostly lot of money in these betting. Dice site are very easy to start any new users.