Dice Stettings at 92% Chance

[nydiacaskey01]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

[ajaxmoor]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

The chance of losing in the next roll is 8% and stays the same for each successive roll. Just to let you know this is not a winning strategy so don't risk your money like that. As a matter of fact you can easily get 5 more losing rolls after this.

[mirakal]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

The chance of losing in the next roll is 8% and stays the same for each successive roll. Just to let you know this is not a winning strategy so don't risk your money like that. As a matter of fact you can easily get 5 more losing rolls after this.

Do not complicate things so much, maybe we are just over analyze it, the real deal is you will not gonna win whatever winning percentage you will set if you want a long term goal. Simply the house edge will just ruin everything you started and will surely give you a zero in th end.
My advise is, just bet what you like and enjoy what you got for the moment as that would not last for sure.

[Herbert2020]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

i think this is a very common mistake that people make (me included)

bets that we make are completely independent on each other. your second bet has nothing to do with first and third has nothing to do with second and first and so on to the end of infinity bet.

this means with each bet you have the same chance of win or lose. you can roll the dice on 92% win chance and lose. then roll again and lose and again and again until the end of time because you simply have 8% to lose each time and it is there each time you roll the dice, it doesn't go away just because you lost once or twice or 10 times.

with that said, your strategy is what i am doing sometimes and it works sometimes and it doesn't some other times. but mostly works since the 92% win chance is big on its own.

[Oilacris]

Chance to lose on next roll would be still on 8% and using this setting might work and give you some returns but one lose all of those small wins you gain will wipe out in an instant and even suffer negative profits.Higher chances of winning doesnt guarantee anytime to make you money its still risky and never ever to go all in because 92% isnt really an assurance to win anytime.Dont forget the 8% chance on losing.

[Caladonian]

Chance to lose on next roll would be still on 8% and using this setting might work and give you some returns but one lose all of those small wins you gain will wipe out in an instant and even suffer negative profits.Higher chances of winning doesnt guarantee anytime to make you money its still risky and never ever to go all in because 92% isnt really an assurance to win anytime.Dont forget the 8% chance on losing.

well provably you will still face defeat even you already set it up with 92% chance to win, remember you are still gamble and risk still at your side
might be a good chance to win if your timing of placing huge bets win but if suddenly it went to the other side you will suffer also a big loses and we don't have any control about that.

[Ayiranorea]

Even with the same 92% winning chances you cannot make a stable earning. Only the winning chance increases with the decreased payout. Even in this setting if unlucky the roll goes opposite to the prediction that we have made. So gambling is a simply a risky way to make a better earning where luck plays a major role.

[ralle14]

So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

I'm not sure if i'm right here but the chances of losing twice in a row with a 92% chance is at 0.0064% or 1 in 15624. If you lose imo don't go all in just to chase your losses because there's a 0.000512% chance that you could thrice in a row.

[nelson4lov]

No matter the Chance Percentage you set, Either 90% or 98%, You'll still get to lose twice on thrice consecutively because The house has an edge over you. I've tried this strategy several, some with bots and some manually. After each lose, I go all in and I won for the first 5 rolls this way, But on the six roll, I lose twice and all my money was lost.


So This is not an idea strategy, Winning this way for up to ten rolls isn't a guarantee.

[iDice_io]

Well, losing twice in a row's chance would be 8% * 8% which would be 64/1000. If you keep rolling you eventually will lose twice or more times in a row.

[noictib]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

First of all a big matter is that at which site you were making gambling , Because here winning and loss depends upon the factor of the house edge of the site , Here the simple house of freebitco.in can't allow you to make earning more than 5% .
So first of all make details of the house edge of the site .
My second suggestion for you is that don't bet more if you won two times . Because at each bet you may loss your bet .

[bitjoin]

Well, losing twice in a row's chance would be 8% * 8% which would be 64/1000. If you keep rolling you eventually will lose twice or more times in a row.

Yeah you cant cheat the math. It might seem like you cant lose with 92%ers but that is why you dont win much each spin either.  Eventually math will catch up with you unless you get extremely lucky. The more volume you put in the more your chance of luck decreases and the houses certainty of beating you increases.

[Kemarit]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

I have used this strategy before and I must say that it will not guarantee you to profit and maybe loss in the end. You still has 8% chance of losing. Believed me losing twice in a row is possible even if you put 92% chance of winning. I even won more 15x straight and I was happy and increase my bet as my bankroll increases as well. But as the roll continues, I experienced 2x or even 3x losses. So this is not a safe strategy for winning. IMHO.

[Mr.Pro]

Still boils down to luck. Whatever strategy it is still based on luck

[just_Alice]

So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?

I know what you are talking about. This is a known strategy which must work as many gamblers think and I myself also was part of them. What are the odds of losing two times in a row playing with 92% winning chance? Yes, we all know that the outcome of the previvous bet has no impact on the outcome of the consecutive one, but still it seems the chances of two reds in a row are extremely small. So after losing we increase our base bet 10 times and, in most cases, we recover the previvous loss. But the thing is that it is possible to lose two, three or even four times in a row playing with 92% winning chance. And when this happens we lose it all.

[bering]

setting betting chance with the higher percentages will not guarantee got profit and also the profit will so low with 92% chance even you win 12 times or 15 times in a row but if you got busted at least once time it could be useless and for me just play with only 50% chance and stop bets if you lucky and get your target profit

[torry28]

First of all a big matter is that at which site you were making gambling , Because here winning and loss depends upon the factor of the house edge of the site ,[1] Here the simple house of freebitco.in can't allow you to make earning more than 5% .
[2]So first of all make details of the house edge of the site .
My second suggestion for you is that don't bet more if you won two times . Because at each bet you may loss your bet .

[1] Where is the proof if we can't win more than 5% from our balance in Freebitco.in? House edge on freebitco.in is the highest from all dice games (Cmiiw) until now 5%, that's why we are mostly will lose on there, but there is no proof if we can't win more than 5%.
[2] I think OP is not too stupid to play on site which has high house edge.
@OP, get 3 red streaks on 92% still possible (even though the chance is small)

[abonarea]

I was trying dice with highest winning odds but never made more money with these as to recover you need few hands to be on track again. Whenever I succeeded to make some money was at 49% winning odds. If I am not wrong highest amount winners always were playing with lower winning chances as return is very high. It is your luck after all to make money from dice.

[xuan87]

Gambling and counting probability on the paper is different, each roll of the dice got the same probability, even though if we count it there should be less chances that the we are losing twice in a row, but it actually got the same chance in gambling

when you try 92% winning chance and you say you win 9-11 in a row, but I am sure that you ever experience only win for 2 or 3 times and then lose, so there are no strategy that can make you always win

[Barbut]

I had 4 reds on +90% winning chance, and for sure I will never bet like that ever again, cause every time I lost all I had cause of this strategy. I thought its good on beginning, and after few times I saw that this strategy doesn't have happy end in most cases. Profit is low risk is to big, and just as reminder do you remember picture from this forum when some guy made this kind of bet with 100 btc, maybe year ago, and of course he lost all he had. Stay away from this strategy.