Bitcoin Forum
June 18, 2019, 09:59:05 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Dice - Chances of rolling the above or below consecutive times  (Read 1059 times)
bob123
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1096



View Profile WWW
January 13, 2016, 09:28:06 PM
 #21

If its 50% chance to win..

its 0.5 ^ n

with n = number of rolls:  with 3 rolls => 0.5^3 = 1/8

So chances are you win 3 times 50/50 in a row are 12.5%.

1560895145
Hero Member
*
Offline Offline

Posts: 1560895145

View Profile Personal Message (Offline)

Ignore
1560895145
Reply with quote  #2

1560895145
Report to moderator
1560895145
Hero Member
*
Offline Offline

Posts: 1560895145

View Profile Personal Message (Offline)

Ignore
1560895145
Reply with quote  #2

1560895145
Report to moderator
Bitcoin Poker 3.0
The Largest Bitcoin Poker Site
Bad Beat Jackpot Available
No Limit Texas Hold'em Cash Games And Tournaments
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560895145
Hero Member
*
Offline Offline

Posts: 1560895145

View Profile Personal Message (Offline)

Ignore
1560895145
Reply with quote  #2

1560895145
Report to moderator
1560895145
Hero Member
*
Offline Offline

Posts: 1560895145

View Profile Personal Message (Offline)

Ignore
1560895145
Reply with quote  #2

1560895145
Report to moderator
1560895145
Hero Member
*
Offline Offline

Posts: 1560895145

View Profile Personal Message (Offline)

Ignore
1560895145
Reply with quote  #2

1560895145
Report to moderator
ajareselde
Legendary
*
Offline Offline

Activity: 1708
Merit: 1000

Satoshi is rolling in his grave. #bitcoin


View Profile
January 13, 2016, 09:29:53 PM
 #22

ok thanks,   can anyone tell me what their personal streak is for rolling the same result on a 50/50 flip?  i think im at around 8 or 9 and happened a few times

The biggest losing streak i had was 12 rolls, all were low and on exact 50% odds. I was playing basic martingale and it was enough to bust my whole
balance. The funny thing is that i rolled 13th roll, but with bet amount 0 since i was busted, and it was a winning one..
8-9 in a row is nothing unusual, i get that streak quite often.
Nimbulan
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


View Profile
January 13, 2016, 09:35:53 PM
 #23

its always the same possibility you bet on, it does not matter if you roll it after 10 losses or 20 losses the chance to lose will still be the same 50 per cent, thats why you shouldnt use any strategies
leancuisine
Hero Member
*****
Offline Offline

Activity: 980
Merit: 1000


www.DonateMedia.org


View Profile WWW
January 13, 2016, 11:25:19 PM
 #24

ok thanks,   can anyone tell me what their personal streak is for rolling the same result on a 50/50 flip?  i think im at around 8 or 9 and happened a few times

I've got 26-28 loss streaks a few times on DiceNow. Tongue

Made over 10 million rolls there though. Wink

dooglus
Legendary
*
Offline Offline

Activity: 2618
Merit: 1130



View Profile
January 14, 2016, 08:22:45 AM
 #25

After 8 months of watching player bets I've seen 22 loss and 23 win streaks but Dooglus explained it best.

I don't know if you've seen this thread before, but the longest losing streak at 49.5% on Just-Dice back when we accepted Bitcoin was 32:

  https://bitcointalk.org/index.php?topic=610339.msg7060900#msg7060900

Interestingly, the 2nd longest was 5 bets shorter, at 27.

I would be interested to know if anyone has ever seen a longer losing streak at 49.5% than 32 in a row.

Roughly speaking, the odds against 10 in a row is one in a thousand, 20 in a row is one in a million, and 30 in a row is one in a billion.

So that 32 in a row is a one in four billion shot. The losing streak ended with bet number 594,791,171 and that counter includes all bets, not just those at 49.5%.

Edit: here's a screenshot of the 27-streak:


Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!