healthy discussion about DICE

[Lionidas]

I think the right answer of that is in one word "Greed". That is right, that dice known sites are secure and fair to play on them, so It's true, you will have a 50% to win/lose, In fact people when they win they would try to play again and again, I talk to the most of them, so automaticaly you will found that the site will have a big profit, and the profit will increase day by day.

You talk to most of the people who win and lose and mostly lose out of greed or you talk to the sites which are profiteering from these users of the site's losses?

[1714837530]

1714837530

[Bardman]

If you have a 50% chance then the casino will just make you win less money. Like 1 bitcoin on 50% would make you win 0.998 for example. After 1k bets, although you are likely to win 50% of the times, even if you do, you are winning 0.998 bitcoins and losing 1 (assuming you are betting 1 bitcoin each time) so you are basically losing your money slowly till the end.

There are some ''strategies'' that grant you better odds than others but never enought to beat the house. For example, martingale is a popular strategy but there are other methods that have the same odds but are just faster which is something very important since you don't want to gamble for hours just to win a very small amount of money with the possibility of losing it all.

https://www.forexfactory.com/showthread.php?p=8495533#post8495533

A ''strategy'' posted long ago to increase your odds slightly better than you would have using only 1 bet at 49.5
''For an example of a better strategy, try:

  bet 0.5 at 33%
  if you win, you get 99/33 = 3x, so you get 1.5 back, a profit of 1 - you've doubled your money

  if you lose, bet the other 0.5 at 24.75%
  if you win, you get 99/24.75 = 4x, so you get 2 back - you've doubled your money

  the only way it goes wrong is if you lose both the 33% and the 24.75% - the chance of that is (1-0.33) * (1-0.2475) = 0.504175
  so the chance of success is 1 - 0.504175 = 0.495825 = 49.5825% - a fraction higher than 49.5''

So it is basically better to bet in smaller bets to achieve your goal as you would have a 0.0825% better chance, again this is still less than 50% and it will always be, also it doesn't really matter long term since you are going to lose everything eventually.

[tabas]

The house always win as advantage is always with them. It doesn't matter even the game is provably fair if we are keep on gambling in a greedy way, they will still win. Dice is one of the hardest gambling game to win and even how prepared you are, there's no way to beat the house with this game.

[Indrawan77]

The house got more advantages because when you put 50% winning chance usually the payout will not 2 but around 1.95, with that payout the house got a better odds, the second one the maximum bet, martingale techniques can be used if you got a lot of money and there's no maximum bet, because from the probability counting there is always chances that you are going to lost in streak game and to return that lost money you will need to bet without maximum bet, the key to win  in dice game is to stop while you win

[Cacingkemi]

You're playing dice already 5 years same as me and your story is exactly the same as I experienced,sometimes the house always win right but must be smart arrange time to play dice try you pay attention your best time playing dice that is time weakness house.Nothing perfect home despite having a high system will surely be burglarized by a thief and we are a thief who wants to take the property from the house,think my sentence you must understand I mean.

[flower1024]

The house got more advantages because when you put 50% winning chance usually the payout will not 2 but around 1.95, with that payout the house got a better odds, the second one the maximum bet, martingale techniques can be used if you got a lot of money and there's no maximum bet, because from the probability counting there is always chances that you are going to lost in streak game and to return that lost money you will need to bet without maximum bet, the key to win  in dice game is to stop while you win

The martingale method is unpredictable it works when we are in short time loss, but once it existed and went long run lost 99% the house will win you can continue your play, but you will not get a green number this happened to me.  Instead of losing more money in martingale method better we can stop our game when we are at small loss or profit.

[TheUltraElite]

I think the right answer of that is in one word "Greed". That is right, that dice known sites are secure and fair to play on them, so It's true, you will have a 50% to win/lose, In fact people when they win they would try to play again and again, I talk to the most of them, so automaticaly you will found that the site will have a big profit, and the profit will increase day by day.

You talk to most of the people who win and lose and mostly lose out of greed or you talk to the sites which are profiteering from these users of the site's losses?

The problem is the even if you have a seemingly full-proof method to win the game - there can be no "win". If you are one of those people who win something from dice games and then withdraw it and never come back then you are exceptional. Most people though are greedy and are never willing to stop even if they know that the house is technically unbeatable. The house edge will wipe out your balance once you play long enough under the influcence of your greed.

Our bankroll is always small from the house also house have limit of max profit but we don't have that kind of limit to bet with the amount of bankroll we have. Dice sites are provably fair and its probability which makes you loose not because of provably fair system.

People today know that most reputed sites have provably fair system to verify the randomness associated with rolls and this thread was not one which is questioning that.

[Getcoinsite]

Simply because its a gambling and no one can beat gambling ever.we can win sometimes but will loss most of the times theres no need to analyze everything just our experience will prove what i mean here.

[marlboroza]

There are some ''strategies'' that grant you better odds than others but never enought to beat the house. For example, martingale is a popular strategy but there are other methods that have the same odds but are just faster which is something very important since you don't want to gamble for hours just to win a very small amount of money with the possibility of losing it all.

Wrong, odds are always the same no matter what strategy you use and no matter what you do. If your chance to win is 50% it will be 50% after first roll, it will be 50% after your second roll and it will be 50% after your xxxxxx roll.

A ''strategy'' posted long ago to increase your odds slightly better than you would have using only 1 bet at 49.5
''For an example of a better strategy, try:

  bet 0.5 at 33%
  if you win, you get 99/33 = 3x, so you get 1.5 back, a profit of 1 - you've doubled your money

  if you lose, bet the other 0.5 at 24.75%
  if you win, you get 99/24.75 = 4x, so you get 2 back - you've doubled your money

  the only way it goes wrong is if you lose both the 33% and the 24.75% - the chance of that is (1-0.33) * (1-0.2475) = 0.504175
  so the chance of success is 1 - 0.504175 = 0.495825 = 49.5825% - a fraction higher than 49.5''

It's called reversed martingale and believe me if you are not lucky to hit long streak you will end up in negative profit. I hit several times "longer streak" but i have never hit streak long enough to give me positive profit.

[rodel caling]

So its been 5 years that im playing this game
sometimes i lost everything
sometimes i manage to win but then burst it all again in some weeks
there is no strategy to beat the HOUSE
why the house always win?
if you try to test 1 satoshi with 50% change you still get more reds than wins. Why?
dont come with that bs "hur dur you are greedy" no!
i mean.. the game is provably fair why we cant win?
everyday i see the house winning 10+ btc just checking the high rollers
post your opinions

i'm not a gambler but i play gambling sometimes for my relaxation to get out the stress but if think playing in the gambling are not good idea to makes profits, even the gambling lord says no one can win and get huge prices in the gambling, winning in the gambling if you have luck is an extra benefit.

[pixie85]

The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.

[michkima]

Basically, house edge prevents any player to win in the long run. That 1% seems small if you look at it in just one bet, but statistically speaking that means you will still lose in the long run. Basically you have 49.5% chance to win to double your money on each bet. Again, one look at it doesn't seem to be something that would make you lose every game but it will make you lose in the long run.

If you use 50% chance then that means you are not get 100% profit per roll, probably 97%. Which means if there is an even number of wins and losses then you will still lose on that in the long run.

[Caladonian]

that's also the reason why there's a lots of a gambling site which offer dice games or hi and low games as they are able to manage winning from those greedy gamblers who thinks that it really easy winning against the house, I'm not sure but from my personal experience I do suffer same with the OP I win sometimes but most of it I do lose a lot.

[Ziskinberg]

You need to understand the house edge, dice has a house edge although they differ on a certain percentage but for sure there is only one result which is we will lose in the long run. Don't play dice harder because the longer you play the more you lose, just treat it as a way to have fun because there is no method that will be useful in the long run, I have tried many methods but I am still a loser until now, I just realize we need to focus on other things when it comes to making money.

[Bardman]

The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.

To be able to lose 50 bets in a row you would need an insane amount of money it wouldn't even be worth it to bet in the first place. Even with bitcoins if you start with 1 satoshi bet, 40 bets in a row would need 5400 bitcoins and 50 in a row would need around 5.5 million bitcoins. Even if you have the money, keep in mind that you are betting 1 satoshi so even with a bot betting, you would need to bet for months and months just to win some money that compared to your 5.5 million bitcoins is still meaningless. As I showed above it's also better to just bet half of it at 33% and if you lose bet the other half at 24.75% because this gives you total odds 49.58% which is a bit higher than just 49.5% that you would get by making a single bet and you save all the time that would take betting at 1 satoshi.

[mrcash02]

The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.

To be able to lose 50 bets in a row you would need an insane amount of money it wouldn't even be worth it to bet in the first place. Even with bitcoins if you start with 1 satoshi bet, 40 bets in a row would need 5400 bitcoins and 50 in a row would need around 5.5 million bitcoins. Even if you have the money, keep in mind that you are betting 1 satoshi so even with a bot betting, you would need to bet for months and months just to win some money that compared to your 5.5 million bitcoins is still meaningless. As I showed above it's also better to just bet half of it at 33% and if you lose bet the other half at 24.75% because this gives you total odds 49.58% which is a bit higher than just 49.5% that you would get by making a single bet and you save all the time that would take betting at 1 satoshi.

The gambler can have thousands or millions of Bitcoins, at some point he will touch the maximum bet allowed by the house and that is the end of the streak. So he will need to continue betting the maximum allowed, or he will need to start again... Progressively losing money without chances of recovering it. And you can change the winning chance to 90% or 1%, doesn't matter, the result will be the same on long term.

[ethereumhunter]

So its been 5 years that im playing this game
sometimes i lost everything
sometimes i manage to win but then burst it all again in some weeks
there is no strategy to beat the HOUSE
why the house always win?
if you try to test 1 satoshi with 50% change you still get more reds than wins. Why?
dont come with that bs "hur dur you are greedy" no!
i mean.. the game is provably fair why we cant win?
everyday i see the house winning 10+ btc just checking the high rollers
post your opinions

i think no matter how long you played in dice games, you always loss and there is no other way to beat the house because the house is the owner of the place. although the games is provably fair, but everything is set by the owner and if you see the gambler have a chance to win the games, i think its only because of luck. lets think about how if you create your gambling site, you always win the money, right? so you will prevent the others to win big money and only you that is always win so you will arrange or makes the site that will works for you.

[nidacoinlove]

The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.

To be able to lose 50 bets in a row you would need an insane amount of money it wouldn't even be worth it to bet in the first place. Even with bitcoins if you start with 1 satoshi bet, 40 bets in a row would need 5400 bitcoins and 50 in a row would need around 5.5 million bitcoins. Even if you have the money, keep in mind that you are betting 1 satoshi so even with a bot betting, you would need to bet for months and months just to win some money that compared to your 5.5 million bitcoins is still meaningless. As I showed above it's also better to just bet half of it at 33% and if you lose bet the other half at 24.75% because this gives you total odds 49.58% which is a bit higher than just 49.5% that you would get by making a single bet and you save all the time that would take betting at 1 satoshi.

The gambler can have thousands or millions of Bitcoins, at some point he will touch the maximum bet allowed by the house and that is the end of the streak. So he will need to continue betting the maximum allowed, or he will need to start again... Progressively losing money without chances of recovering it. And you can change the winning chance to 90% or 1%, doesn't matter, the result will be the same on long term.

Yes in the end it all depends on the result and result is always in the favour of betting house in tge long term. Daily hundreds and thousands of gamblers go for diceroll and there is a very little number of people who win and a more precise number who ever have withdrawn winning of dice. I think it is only wasting your time and nothing else.

[LuanX3]

The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.

To be able to lose 50 bets in a row you would need an insane amount of money it wouldn't even be worth it to bet in the first place. Even with bitcoins if you start with 1 satoshi bet, 40 bets in a row would need 5400 bitcoins and 50 in a row would need around 5.5 million bitcoins. Even if you have the money, keep in mind that you are betting 1 satoshi so even with a bot betting, you would need to bet for months and months just to win some money that compared to your 5.5 million bitcoins is still meaningless. As I showed above it's also better to just bet half of it at 33% and if you lose bet the other half at 24.75% because this gives you total odds 49.58% which is a bit higher than just 49.5% that you would get by making a single bet and you save all the time that would take betting at 1 satoshi.

The gambler can have thousands or millions of Bitcoins, at some point he will touch the maximum bet allowed by the house and that is the end of the streak. So he will need to continue betting the maximum allowed, or he will need to start again... Progressively losing money without chances of recovering it. And you can change the winning chance to 90% or 1%, doesn't matter, the result will be the same on long term.

Yes in the end it all depends on the result and result is always in the favour of betting house in tge long term. Daily hundreds and thousands of gamblers go for diceroll and there is a very little number of people who win and a more precise number who ever have withdrawn winning of dice. I think it is only wasting your time and nothing else.

There are more losers since there is house edge. That is the reason why the house always wins. It may seems small, but that 1% house edge is such a big factor in the long run as it will prove that statistically it will result to losses the more rolls a gambler does since it will result to more losses than wins. For example, in a perfect number of games there would be 49 losses for the gambler and 51 wins for house because of the house edge.

[loews]

because you cant beat a money machine programmed to finish you
the owner can do so many shady things that you will never know
for example: set a code to you lose all times when you try all in
otherwise the house was broken already