Dice Stettings at 92% Chance

[patt0]

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?

Man it's not higher. It's the same thing on roulette. Each play is independent. They have no memory.
Imagine a coin toss. It has 50% chance of head or tails, I think you agree with me in that. If I toss it, you expect to have 50% chance of winning.

If I say that I have tossed that coin 11 times and it was always tail, would you think that in that next toss it would be more likely to come up with head? Would you accept me to pay you less, if heads come up, since it was more likely that the toss would come out a heads, because of the previous 11 tails? I don't think you would agree to that, because you know that you still get 50% chances of getting heads and not more.

[RealPhotoshoper]

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.

For me to do that high winning percentage is not worth.
Better to gamble on 50/50 or 51/49 chance , the outcome in the end is same for me personally.
It is just the matter when you have to stop on an enough profit , most people just get greedy everytime.

[emberbekas]

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.

I had 6 consecutive reds at 90% couple times. Frankly, use high percent win of chance for a longer time is a sure lose strategy. It's better to use it once or twice only, even though there's no guarantee you won't hit the red one in first bet.

[Red-Apple]

i generally dislike any strategy like this which has any chance other than 50% chance. because they are always ending badly and the amounts that are won or lost are never in proportion in my opinion.

i am even going to say it is a worse strategy than using a simple 50% chance. because when you set the chance on 92 for example you win a lot but all of them are too small to do anything and then when you lose you lose once but that one time is enough to wipe out all the previous winning and even possibly some more.

[lighpulsar07]

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?

No don't do it you could lose it if you get all in. In my experience in dice, my setting is always at 95% I had 4 consecutive losses in a row even In other dice sites. I would recommend that use 50/50 chance instead rather that getting all in but it's up to you mate. Good Luck

[BlockEye]

i generally dislike any strategy like this which has any chance other than 50% chance. because they are always ending badly and the amounts that are won or lost are never in proportion in my opinion.

i am even going to say it is a worse strategy than using a simple 50% chance. because when you set the chance on 92 for example you win a lot but all of them are too small to do anything and then when you lose you lose once but that one time is enough to wipe out all the previous winning and even possibly some more.

This kind of strategy was only advisable for a short term bet or if possible just for one time big time bet. I saw this kind of strategy on bitsler high rollers, If you observe carefully all the high rollers strategy there, You will notice that they are not using risky chance percentage due to the amount of their was too high and risking it for lower chance is just a suicide, For me it is good to use high chance rate rather than lower chance so that you can guarantee profit, The only weakness of this kind of strategy was greediness. That was the only reason why people are always losing.

[chris200x9]

i generally dislike any strategy like this which has any chance other than 50% chance. because they are always ending badly and the amounts that are won or lost are never in proportion in my opinion.

i am even going to say it is a worse strategy than using a simple 50% chance. because when you set the chance on 92 for example you win a lot but all of them are too small to do anything and then when you lose you lose once but that one time is enough to wipe out all the previous winning and even possibly some more.

This kind of strategy was only advisable for a short term bet or if possible just for one time big time bet. I saw this kind of strategy on bitsler high rollers, If you observe carefully all the high rollers strategy there, You will notice that they are not using risky chance percentage due to the amount of their was too high and risking it for lower chance is just a suicide, For me it is good to use high chance rate rather than lower chance so that you can guarantee profit, The only weakness of this kind of strategy was greediness. That was the only reason why people are always losing.

It's common in human nature, and Greediness is the very dangerous thing in gambling. It will take you in wrong way. And it will make you lose all money in a single day. So while playing gambling don't be tense and don't get excited when you win in the long run. Come to the strategy I think in Dice game no perfect strategy is there we have to play with our control is the only way to save your money. Making money is depends on your luck.

[Fredomago]

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?

No don't do it you could lose it if you get all in. In my experience in dice, my setting is always at 95% I had 4 consecutive losses in a row even In other dice sites. I would recommend that use 50/50 chance instead rather that getting all in but it's up to you mate. Good Luck

correct never do that yolo bets will only lead you to lose your bankroll whatever set up you use even that's already 92% chances the 8% can still lead you losing that particular attempt inside gambling there's no guarantee its all about luck but if you have a big nerve and you are risk taker with the money you can afford to lose why not, its up to you.

[Betwrong]

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.

Exactly. I've seen people complaining about losing 2 times in row with 98% winning chance, saying the site is rigged etc. But what about winning two times in a row with 1% winning chance? The odds of that happening are even smaller, but still it happens, happened to me on PrimeDice. I was betting manually and reflexively hit the button one more time after win and to my surprise it was also a winning roll.

[bajing]

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?

Altough you set the chance of winning to 99%, you still have sane chance to lose that's way only make you can play more longer. did you ever hear some people get lose when they rise the value of bet.

[avatar_kiyoshi]

*snip*

There's still have a chance you will lose, no matter after win or lose, but with higher win chance it will increase a possibility of your roll number hit the target (specific number like >50).
You can do all in one if you can afford to lose.

I think you should use "goal amount" and "limit amount". Goal amount means your profit amount, how much you want to reach the goal amount in your schedule gameplay (don't play greedy). Limit amount is the fund which you can afford to lose (again, don't play greedy).
That's will help you to manage your gambling activity.

[hello_good_sir]

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?

Well, let's do the maths here.

The odds of losing on the next roll is still 8%, because each roll is independent.

But if you look at it before you do the rolls, then two L's next to each other has a probability of 0.64%. However, if you have already hit a L on 92%, you can't say that the next roll I do only has a 0.64% chance of losing. It still has a 8% chance of losing.

It is fairly common for 3 reds or even 4, 5 reds to occur on 92%.

In the end it doesn't matter because the house will always win. Some day your luck will run out, and you hit on the house edge.

[Lieldoryn]

The best strategy is your success. It seems to me that math will not help you to win. People who say that know a good strategy usually always lose.

[socks435]

Already tried this before but still higher chance to lose all of your capital.. better to use other way or default odds instead than choosing high chances.. that actually you will regret in the end.. i tested it many times and also tried martingale with this set of odds.
Result lose and low maximum profit after you reach the maximum you will experience of lose streak.

[topminingcontracts]

Rolling dice with 92 winning is same as that you play sports gambling in which you place bets when the odds are 1.05. The profiting depends on the amount we place , here too the luck determines the result. There are are users who have lost even after placing at such low odds.

[aTriz]

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?

Your chance of winning does not increase at all when you hit a red streak of something. Instead it stays the same.

So based on that your method is already not working.

This is the famous gambler's fallacy. Gamblers tend to think that they are able to beat the house because after each loss their chance of winning rises. But that is mathematically not true because each event is independent of what happened before that.

But prerolls i think might be helpful because even though it does not change the rolls after it, you'll still save some satoshis that you may have bet on that particular losing bet because it is the exact same seeds.

Good luck!

[kolesozw]

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?

Dice rolls doesn't have a "memory". The change to lose it immediately after you've already lost a roll are... exactly the same in any other roll. Winning or losing previous rolls does not affect the results in future rolls.

Its the same principle in Roulette or any other game of pure chance. House edge is a house edge. Rolls, spins, black/red, etc every single one is individual in matter of changes.

[Caladonian]

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?

Dice rolls doesn't have a "memory". The change to lose it immediately after you've already lost a roll are... exactly the same in any other roll. Winning or losing previous rolls does not affect the results in future rolls.

Its the same principle in Roulette or any other game of pure chance. House edge is a house edge. Rolls, spins, black/red, etc every single one is individual in matter of changes.

that's it, we don't even know what would be the result from your next roll, even you place 92% chances to win as we all knew that dice games really needed pure luck in order to win, i already have some bad experience using some strategy like martingales and changing your chances between those high chances to win but in the end still nothing just continue losing, so i give it up.

[bbc.reporter]

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?

That does not matter because you are now risking more than a lot to win very little. It also does not take away the edge if the dice site. It is always there no matter what strategy you try to use. It would be better to win by 50% and control the amount of bets depending if you are winning or losing.

[Snorek]

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

You are totally right as this is exactly what is happened to me many times, been there, experienced this.

Op's strategy is not viable at all it is just biased concept based on fake idea that he can win 9-11 times before he finally lose.
It is not true. Every dice roll is calculated separately and should be treated as such.

I can only suggest if Op wants 'safer' bets with low profit, then he should focus on sport betting with odds lower than 1.10.
Sure it is still gambling, but I feel it is less merciless than dice.