Dice game strategy?

[Pursuer]

Why are you guys still debating this? You are always just posting the same thing over and over again when the answer is simple, i mean, i know you want to increase your post account but you could make it less obvious.

Gotcha, majority of posts here are motivated by sig camp.

Maybe like me but anyway my opinion is that dice games are risky.. Not all of them of course, but this thread should be warning for players. I have seen many times info about 0.1 edge or even nothing, but this business is still very young and here is a lot of "smart" guys who want to win fast ..

What i want to say is: NEVER play for more then you are ready to lost! Good luck!

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

yeah, I agree with this. i think house edge only changes your chance percent of winning on bets (50%-49.5%-49%-...) but there always going to be a small chance of losing so no matter in long term or short term you can lose in gambling.

[Inkvor]

strategies are Gambler's fallacy, some people think they are special and odds do not apply to them.

nope majority of the people either dont want to get through the lectures or just dont know how the statistics work on dice sites.
i myself left dice after learning all about it on the forum

[Dannie]

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

How? I mean, the player could make thousands or even millions of x2 bets at the same small amount (say, 0.0001 btc) and would win 50.5% of them in the long run assuming a -1% house edge. The max bet or max profit won't be an issue for flat betting.

[dre1982]

Technically speaking, you could even have a -1% house edge on dice and the house would still win long-term due to the max. bets and wins.

How? I mean, the player could make thousands or even millions of x2 bets at the same small amount (say, 0.0001 btc) and would win 50.5% of them in the long run assuming a -1% house edge. The max bet or max profit won't be an issue for flat betting.

Nice thoughts. Let's wait for a dice site which gonna try this.

[pjsonowal]

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

[pooya87]

playing dice sometimes gets depressing. because nothing works for it. there is no strategy when it comes to dice. you can use a lot of different strategies and play around with it but in the end none of them are going to work out for you.

[Hugroll]

playing dice sometimes gets depressing. because nothing works for it. there is no strategy when it comes to dice. you can use a lot of different strategies and play around with it but in the end none of them are going to work out for you.

i feel the same way, but not because its depressing i feel like its kinda boring because the winrate always 50%-houseedge/2. thats why i usually like to play poker

[lite]

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

What strategy did you actually use to make 2 MBTC to 60 MBTC? martingale always fails.

[phibay]

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

wow you've managed to turn 0.002 btc to 0.06 without losing, i'm curious what's the chances of your rolls can you provide more details regarding to your strategy? the only thing that came to my mind is rolling 0.002 btc with 30x payout(so you didn't lose in any bet )

[Superhitech]

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

What strategy did you actually use to make 2 MBTC to 60 MBTC? martingale always fails.

Most strategies are some variation of martingale, I think OP is just lucky. Also, OP has stated that he changes strategies after each target he sets; he doesn't have a set strategy.

[sana9821]

i like to gamble only out of my luck i usually dont use any strategies as id does not help me to win anyways actually when i dont use it i get more money

[wearepoor]

People are following many strategies while playing dice and many people are successful with that. Its good to bet the very minimum till you lose 2 bets in a row, then bet a small amount if lose that bet then continue to double down. Its working and many people are already trying and successfully following similar strategies.

[Aemon]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

[hua_hui]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

possible to specific what post he made? well overall it is just knowing the method to calculate probability. if you go to high school, they should have taught you some skills, just that is also need some practice to fully understand it.

[Aemon]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

possible to specific what post he made? well overall it is just knowing the method to calculate probability. if you go to high school, they should have taught you some skills, just that is also need some practice to fully understand it.

I'll find the post and link it to you.  I understand basic probability, but to be able to find out the house edge versus expected value actually takes some skill.  I'll let you know when I find it

[ranlo]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

The tl;dr to his math shows that if you bet 100% at 49.5%, you have a bigger EV than if you do a lot of smaller bets and martingale it.

[danherbias07]

There are many dice game startegies like martingale and all... But uhshould have your own strategy... My basic strategy is to keep changing strategies after every target i set... And believe me or not i won around 0.06 btc without loosing any bet from 0.002 btc deposit

Is that luck or some kind of a pattern? Your good, I congratulate you for that. I hope I am that lucky too.

[Dennis7777]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

possible to specific what post he made? well overall it is just knowing the method to calculate probability. if you go to high school, they should have taught you some skills, just that is also need some practice to fully understand it.

I'll find the post and link it to you.  I understand basic probability, but to be able to find out the house edge versus expected value actually takes some skill.  I'll let you know when I find it

CMIIW, I am pretty sure you are talking about https://bitcointalk.org/index.php?topic=939776.msg12712013#msg12712013 and the several posts he made afterwards.

[Aemon]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

The tl;dr to his math shows that if you bet 100% at 49.5%, you have a bigger EV than if you do a lot of smaller bets and martingale it.

Not quite, I was quite certain that his math showed the best EV was at 100x using a verified version of martingale or something similar.  Keep in mind this was only to double 1BTC into 2BTC.

[ranlo]

If you guys want to talk strategy look at Dooglus.  I was reading some of the posts he was making.  The guy is just good at math.  He seems to understand what it takes to manipulate the expected value, although it won't be positive it gets it closer to 50%.  Worth reading

The tl;dr to his math shows that if you bet 100% at 49.5%, you have a bigger EV than if you do a lot of smaller bets and martingale it.

Not quite, I was quite certain that his math showed the best EV was at 100x using a verified version of martingale or something similar.  Keep in mind this was only to double 1BTC into 2BTC.

He made a pretty clear statement a while back that the more bets you make, the better your chance of failure. So betting at 100x would result in a bigger chance of loss.