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Author Topic: What was your Worst losing streak at bitcoin dice with 1.5 payout?  (Read 695 times)
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October 20, 2020, 09:19:22 PM
 #61

The only time I played dice with bitcoin was a few years ago, in some shady exchange. I played 10 rounds, I lost all of them in a row.

It was possible, of course, but I think they manipulated the output, so played once and never again Angry

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October 20, 2020, 09:32:22 PM
 #62

It was possible, of course, but I think they manipulated the output, so played once and never again Angry

There's a tool to verify fairness. I think you are talking about Yobit as that's the only shady exchange I KNOW that has a dice game.

Yobit's dice house edge is insane if I'm not mistaken so even without manipulation, your funds will be wrecked in the long-run.


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October 20, 2020, 10:58:31 PM
Merited by dunfida (2)
 #63

It was possible, of course, but I think they manipulated the output, so played once and never again Angry

There's a tool to verify fairness. I think you are talking about Yobit as that's the only shady exchange I KNOW that has a dice game.

Yobit's dice house edge is insane if I'm not mistaken so even without manipulation, your funds will be wrecked in the long-run.
There's some discussion about their house edge and fairness stuff: https://bitcointalk.org/index.php?topic=1503792.0

Yobit dice game? I had never touched this shady exchange dice game ever in my life.Who the hell would really mind off on playing in one of the most shadiest place here on crypto?  Cheesy

When it comes to 1.5 payout losing streak then i do hit up 12x on using up DOGE, i dont know on whats the maximum streak but base of on experience but with the odds
it shouldnt really go even more.

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October 21, 2020, 07:19:45 AM
 #64

Normally I play dice with x2 payout. I cannot recall when is the last time I played dice with only x1.5 payout. I think it is worth playing if your bet would double every time you win. In terms of worst or longest winning streak, I think it went as long as 12 or 13. At first it seemed impossible to imagine but with a dice roll which is not really giving you a 50% winning chance, it is really possible. I heard that others have even experienced longer losing streaks.

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October 21, 2020, 07:33:19 AM
 #65

have you ever used this payout in dice and what was your worst streak so far. have you ever tried 1.5 payout , 2 satoshi(or more zeros) first bet and increase on loss 210 %?

sorry i had created same topic in wrong thread previously but it doesn't let me delete that now



My worst steak would be 25 bets lost on a row.
Unbelievable rate of wrong bets in my opinion... The fund that I was building for months was lost in just some minutes due to 25 losses in a row.. When you are getting red in your bets you have faith that the luck is going to turn on your side and you keep betting but as you can see it is not going well all the time. Martingale is not working all the time...
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October 22, 2020, 05:07:22 PM
 #66

Losing streak of mine happened years back with martingale strategy. In a row continuously gambled and lost 0.7 btc which is quite a big value. Started to play with small value, further multiplied it. Tried to recover the lost bet with high value bets. This is where I did the mistake and lost everything.


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October 22, 2020, 05:26:24 PM
 #67

I'm using this kind of strategy before a x1.5 multiplier with a 80% or 135% on loss tried it before with more than an hour I think I let it run on automated betting for 3-4 hours and I thought it is so good with long term betting but after I change the seed the strategy only last of about 10-15 minutes. My bankroll was 0.003

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October 22, 2020, 05:32:07 PM
 #68

Losing streak in dice are often experienced but not in such a large amount and also, although the losses are not that big I think any losing streak is basically a bad thing. When gambling dice I personally will only allocate a certain amount or have a maximum amount of funds ready to be spent, and I will not maintain the same odds when betting and I think if the payout is at 1.5, at least it is still a safe bet because the most important thing is you can control your emotions then I guess it will be fine.


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lixer
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October 23, 2020, 03:31:55 PM
 #69

The only time I played dice with bitcoin was a few years ago, in some shady exchange. I played 10 rounds, I lost all of them in a row.

It was possible, of course, but I think they manipulated the output, so played once and never again Angry
Unfortunate if the rolls were really rigged and I suggest to verify if the casino has provably fair system for the dice game because dice is so popular just because it can be verified and I love playing dice and at times when I am playing slots from various providers like Pragmatic play then I wonder how we can verify the bets but I don't think it is possible so I often after losing money on slots turn to dice.

Any exchange offering dice game like I believe yobit does that is actually shady unless they provide a reason and verification of the bets. I would rather play at a casino for dice instead of playing on an exchange that offers dice without any provably fair system being implemented publicly.

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October 24, 2020, 08:51:40 AM
 #70

Normally I play dice with x2 payout. I cannot recall when is the last time I played dice with only x1.5 payout. I think it is worth playing if your bet would double every time you win. In terms of worst or longest winning streak, I think it went as long as 12 or 13. At first it seemed impossible to imagine but with a dice roll which is not really giving you a 50% winning chance, it is really possible. I heard that others have even experienced longer losing streaks.
The thing that people don't realize and blame casino is because the chances of losing a bet on 1.5 odds is still 33% no matter if you had 1 million wins before that bet or lost 1 million because every roll has it's independent chances and although stacking up loses feels like a win is around the corner but mathematically it is not the case really.

Yobit's dice house edge is insane if I'm not mistaken so even without manipulation, your funds will be wrecked in the long-run.
I really wonder why people even use YoBit after so many scam reports against them and everyone is certain that they are scammers by now and to play dice picking a website like Yobit is the worst idea.

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fullhdpixel
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October 25, 2020, 05:54:08 PM
 #71

Losing streak of mine happened years back with martingale strategy. In a row continuously gambled and lost 0.7 btc which is quite a big value. Started to play with small value, further multiplied it. Tried to recover the lost bet with high value bets. This is where I did the mistake and lost everything.
Yeah man, I can relate your story with mine long time back when primedice was newly launched and I was part of that (I believe we called it PD3 or something at that time). I was playing for fun all night as I was new to something like that with fair verification my bets so I was rolling all night and I literally won like 1 BTC starting from 0.04 or 0.05 and then I got greedy and started to make bigger bets and later lost everything and I actually did not even had a poor streak it was just like after getting a loss I used to increase my bet much higher than I should have and lost everything in doing that.

The worst streak on 1.5 odds I am not sure but I clearly remember I had easily got as many as 27 reds on 3.00 odds which took away all my balance onj another dark night playing dice.

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Mahanton
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October 25, 2020, 07:57:54 PM
 #72

Losing streak of mine happened years back with martingale strategy. In a row continuously gambled and lost 0.7 btc which is quite a big value. Started to play with small value, further multiplied it. Tried to recover the lost bet with high value bets. This is where I did the mistake and lost everything.
Yeah man, I can relate your story with mine long time back when primedice was newly launched and I was part of that (I believe we called it PD3 or something at that time). I was playing for fun all night as I was new to something like that with fair verification my bets so I was rolling all night and I literally won like 1 BTC starting from 0.04 or 0.05 and then I got greedy and started to make bigger bets and later lost everything and I actually did not even had a poor streak it was just like after getting a loss I used to increase my bet much higher than I should have and lost everything in doing that.

The worst streak on 1.5 odds I am not sure but I clearly remember I had easily got as many as 27 reds on 3.00 odds which took away all my balance onj another dark night playing dice.
Remembering those Bitsler and Primedice days when they had just started and dice gaming was bit on hype that time.I do make out bets and of course did really make
use of that typical martingale system.Im not really that fan of making 1.5x multiplier but rather stick out on 2x on minimal and i do say that the longest streak i
had experience was on 20-21 as far as i remember.I havent tried on 1.5 though but pretty sure it would be just similar and also the streak will vary on how much
capital you do have on that time you were playing.

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October 25, 2020, 09:18:39 PM
 #73

Trying to make any sense out of a random number generator or even worse, a programmed algorithm designed to lure people in with bigger betters, is a fools errand. It is like flipping a coin and thinking there is any connection between each time. Beyond seeing how many times people have lost, it makes no sense sharing and trying to compare losing streaks..

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