from now on i will try to share some thoughts about the dice game
since it is the most available in the bitcoin/altcoin gambling sites
i see threads and many questions about strategies for dice but very
few posters explaining with simple way what each strategy aims for
and how or when is most apropriate to use it . you already may notice
some days your favorite strategy doesnt work at all for hours
the reason for that is what we call "variance" plus the fact that all
strategies can win but they also can fail depending at sequences of
random numbers . luck still is a major factor but not the only one
some factors most of you cant really thought about are following:
A. minimum bet,maximum bet and bet increment
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gambling little amounts can be fun without the pain of losing big.
real world casinos have to pay many employes working at tables
so they often set minimum chip values from 1$ or even more
internet sites however and thank god bitcoin sites due to lower
running costs can set minimum bet very low ,even at 1 satoshi
if you plan to have daily bankrolls less than 100k satoshis then
you need to find a site with lowest minimum bet posible
maximum bets in real life casinos are high enough but in reality
not that high vs minimum bets is around 100-200 min bets high
again is good that bitcoin casinos have 1000s or even millions
times bigger the maximum vs minimum bet, a reasonable max payout
of 2-5 BTC must be what you are looking for
note for high rollers with daily bankrolls up to 5Btc is ok too
bigger than that is not bad but for most cases it can hurt you
if you dream so high you will bet more and you will play less
*if you win it will be great of course but if you lose you may
kill your entire bank account within the day LOL.
bet increment must be equal or less than min bet ,that is
because plenty of systems for dice games need to increase or
decrease that bet even with steps of 1% ,rounding effects
can make many such systems unplayable otherwise
*for altcoins with little value decimal points are great too
---to be continued---