What was your Worst losing streak at bitcoin dice with 1.5 payout?

[luca1073]

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

[BillCoin]

Hey and welcome.
I see that you present here a dice-betting strategy, I can promise you that it simply won't work at the long run, it's not like you found something special here.
Always keep in your mind that the chances of you to win a bet is Chances-House edge In precents, against the house that has 100-Chances+House Edge in precents, which means that the house is most likely to win at the long run.
You can't beat the system and if you want to play dice for fun it's okay, but make sure that you understand that it won't bring you any income and it isn't a source of income in any way.

[chris200x9]

I have played with many different settings this dice game and almost none of them will work for long term.

I don't remember exactly how many losses I got with the setting 1.5 payout but I can tell you that if you play for more time your continuous losses will increase more and more. That's why I don't stick to anyone setting but keep on changing different setting until my bankroll finish.

[ThirdPerson]

I have tested 6x times with the 1.5 payouts and set multiply after loss to 60% with 0.1 bankrolls. All these losing streaks were on 14-20.

[lite]

have you ever used this payout in dice and what was your worst streak so far.

Yeah, i have set/played on 1.5x payout numerous times in the past, but i don't remember the lose/win streak. now i mostly set higher multiplier like 5x or more to play with.

have you ever tried 1.5 payout , 2 satoshi(or more zeros) first bet and increase on loss 210 %?

Nope i haven't tried any such strategy, it doesn't really works.

[mostkey]

Hey and welcome.
I see that you present here a dice-betting strategy, I can promise you that it simply won't work at the long run, it's not like you found something special here.
Always keep in your mind that the chances of you to win a bet is Chances-House edge In precents, against the house that has 100-Chances+House Edge in precents, which means that the house is most likely to win at the long run.
You can't beat the system and if you want to play dice for fun it's okay, but make sure that you understand that it won't bring you any income and it isn't a source of income in any way.

if talking about dice games, I think you say that in the long run this will give a benefit to the house, I think you are wrong. try registering in bustadice, and look at the history of the victory of the pemainya, it is reflected that they get big profits there, bustadice is an honest and trustworthy site

[marlboroza]

have you ever used this payout in dice and what was your worst streak so far.

I don't remember exactly but it was more than 10 times in row.

have you ever tried 1.5 payout , 2 satoshi(or more zeros) first bet and increase on loss 210 %?

That is martingale method, please read this https://en.wikipedia.org/wiki/Martingale_(betting_system)
The thing is, martingale never works and it always leads to lost.

[JanpriX]

Well, my worst losing streak procured me with a -0.5BTC and I clearly remember this right until now. That was when BTC is still at $1k area and didn't have much worth by that time. My strategy back then was with 1.5 payout in automatic mode. I've been using it and provided me good profit by quite some time so I grew to trust that strategy. As you may know, there's such thing as fail proof strategy in a dice game and that's what happened to me. I left it run (the automatic betting) for a few minutes while doing some chores. I have 0.5 BTC in my account at that time and when I came back, it wiped my account to zero. I can't remember the exact count of my losing streak back then but I'm sure as hell that it was a long one.

[Caladonian]

Hey and welcome.
I see that you present here a dice-betting strategy, I can promise you that it simply won't work at the long run, it's not like you found something special here.
Always keep in your mind that the chances of you to win a bet is Chances-House edge In precents, against the house that has 100-Chances+House Edge in precents, which means that the house is most likely to win at the long run.
You can't beat the system and if you want to play dice for fun it's okay, but make sure that you understand that it won't bring you any income and it isn't a source of income in any way.

Haven't tried this settings before, the only one that I remembered is trying to set up 1.10 and increase my bankroll to 1000% after losing to cover up my loses, but unexpected losing streak showed up, to my surprise that my bankroll already empty, that's why I really think that there's no real strategy that will work inside this type of gambling but just a luck if permitted you to win.

[iv4n]

I have tested 6x times with the 1.5 payouts and set multiply after loss to 60% with 0.1 bankrolls. All these losing streaks were on 14-20.

After some time of playing on 1.5 payout with 2 sat. starting bet you will earn maybe 1 mBTC. One long losing streak that comes after an hour or more playing will make you to go all in and lose more then 10mBTC. I had long loosing streaks on many different odds.
Dices can deceive us, so when wr play dices we need to know that long term is sure lose, when we play we need to hit and run with some strategy even martingale, but after little profit stop and give it a rest. Come again later and use some other strategy, hit profit and run. You need to play dices in different ways, any long playing will put you in situation where you will need to go all in after many losing streaks and that is the moment when you lose all deposit.

[Pursuer]

don't be fooled by any numbers when it comes to gambling.

as someone who has tried lots of 2x bets (which is similar to any other multiplier) and also asked others how much their losing streaks lasted, I have to tell you that no matter what number is the record, there can always be more.
for example if you figure out that the Guinness World Record of losing streak with 1.5 payout is 30 reds in a row, you can have 31 if you try it and the next round you can have 32 and so on.

[Mi5h0]

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

Based on my experience, worst losing streak on 50% chance I had 28+ red streak, on 76% chance i had about 9 reds and on 90% chance i had 5 reds.
I guess I know what you are thinking and why you are asking this question. You'll bet 2 satoshi and use martingale until you get the green. Just a tip for you, it might work for some time but there is still a chance that you'll lose the next bet. Past random events have no bearing on future random events.

[JL421]

No matter what chances you use I have noticed that the best thing to do is keep it to 50% itself it reduces the payment a little but I feel that is the safest reason is we try to double our funds by going all in and using 10% chance and winning 10 times in a row is never easy I have tried 1.5 but my streak was always 3 or 4 times I was never abpe to cross it

[luca1073]

thanks a lot for all your answers. i m making a test with free rainbot money from a gambling site and turned 800 staoshi into 23254 so far in  a few days (not 24 hs a day) starting bet 2 satoshi , 1.5 opayout and increase on loss 210% (220% at times)

max losing streak so far 6 or 7. it can now sustain 8 consecutive losses and if it reaches 26000 it will be able to sustain 9 consecutive losses. i have a probability calculator that says that on 1 million rolls is about 15 the maximum that it could reach. of course i know about gambling fallacy and that this can be much more. but im just curious

this is with chance 66 % more or less

[luca1073]

No matter what chances you use I have noticed that the best thing to do is keep it to 50% itself it reduces the payment a little but I feel that is the safest reason is we try to double our funds by going all in and using 10% chance and winning 10 times in a row is never easy I have tried 1.5 but my streak was always 3 or 4 times I was never abpe to cross it

payout 1.5 is not profitable with increase on loss at 50%. minimum is 201%

my test is now at 27500 satoshi, it now can sustain 9 consecutive losses at increase on loss aT 210%.if it passes 32000 i can put it up to 220%

http://fiddle.jshell.net/2w9m0t1b/73/show/light/

[chris200x9]

max losing streak so far 6 or 7. it can now sustain 8 consecutive losses and if it reaches 26000 it will be able to sustain 9 consecutive losses. i have a probability calculator that says that on 1 million rolls is about 15 the maximum that it could reach. of course i know about gambling fallacy and that this can be much more. but im just curious

If gambling can work exactly as per the calculations then by now we should have seen many people become rich by playing this game and also we should have seen many gambling houses closing. But until now never seen any gambling house closed because of bankrupt but only people are losing money in the long run. Since your doing your experiment with free money so you can try but don't waste much time and money on this experiment instead use that time for some other better things do.

[crwth]

I haven't read something that is a like this topic but I guess it is similar like that and it's basically a dice betting question. I haven't tried 1.5 payout but only a little. It's around I guess 100000 satoshi's that I lost but it was small back then. I don't want to continue gambling because I could get addicted to it.

[luca1073]

max losing streak so far 6 or 7. it can now sustain 8 consecutive losses and if it reaches 26000 it will be able to sustain 9 consecutive losses. i have a probability calculator that says that on 1 million rolls is about 15 the maximum that it could reach. of course i know about gambling fallacy and that this can be much more. but im just curious

If gambling can work exactly as per the calculations then by now we should have seen many people become rich by playing this game and also we should have seen many gambling houses closing. But until now never seen any gambling house closed because of bankrupt but only people are losing money in the long run. Since your doing your experiment with free money so you can try but don't waste much time and money on this experiment instead use that time for some other better things do.

there was the case of that japanese guy who almost made just dice casino close. but still no way i would bet 4000 btc ahah. anyway as you said it s just an experiment with free money. im not really losing that much time with it, just left a window open and let it roll and then i wrote a couple of messages here, thanks

[kurian]

1.5x was my favorite strategy. I used to let it play on autobet using dicebot. Quit using it when i lost 0.2 Bitcoin. That was when Bitcoin worth around 17k dollars. I got 12 reds in a row, it was quite unexpected. 1.5x is a dangerous strat if you don't have luck. That could wipe out your entire balance in seconds.

[luca1073]

1.5x was my favorite strategy. I used to let it play on autobet using dicebot. Quit using it when i lost 0.2 Bitcoin. That was when Bitcoin worth around 17k dollars. I got 12 reds in a row, it was quite unexpected. 1.5x is a dangerous strat if you don't have luck. That could wipe out your entire balance in seconds.

good (or bad) to know, thanks . out of curiosity what was the gambling site?