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Author Topic: What was your Worst losing streak at bitcoin dice with 1.5 payout?  (Read 773 times)
adzino
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September 30, 2020, 07:46:09 AM
 #41


19 reds at x1.5 is crazy! My maximum red streak at x1.5 is 13, maybe 14, I am not totally sure, and it was a long time ago, you don't see so long losing streak so often at x1.5 --snip-

It is not crazy at all. I have seen people having even crazier red streak (and even better green streak) when gambling with 1.5x payout. It is just that rng isn't favoring you. People tend to think the more reds they start getting, the better the chance of not hitting a red on the next bet. This isn't true. You might even see a 100x red in a row (but extremely likely to happen) since all bets are an independent event. The next bet no way depends on your previous bet and has the same chance of winning or losing.
Due this sort of believes, people tend to keep on increasing bet size amount after a loss thinking that they next bet has higher chance of winning.

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September 30, 2020, 09:32:20 AM
 #42


19 reds at x1.5 is crazy! My maximum red streak at x1.5 is 13, maybe 14, I am not totally sure, and it was a long time ago, you don't see so long losing streak so often at x1.5 --snip-

It is not crazy at all. I have seen people having even crazier red streak (and even better green streak) when gambling with 1.5x payout. It is just that rng isn't favoring you. People tend to think the more reds they start getting, the better the chance of not hitting a red on the next bet. This isn't true. You might even see a 100x red in a row (but extremely likely to happen) since all bets are an independent event. The next bet no way depends on your previous bet and has the same chance of winning or losing.
Due this sort of believes, people tend to keep on increasing bet size amount after a loss thinking that they next bet has higher chance of winning.
and thats how martingale method was born . instead of doing manual increase they formulate a method to automate the process with course help of a bot or an automatic betting feature of a gambling site

. martingale is still in demand because there are still people that believes on this misconception . its sad to hit a lot of red streaks but if the green streak occur , this also gives us a special feeling but the rate for it to occur is not high as reds because you know its a business .
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September 30, 2020, 10:55:20 AM
 #43


19 reds at x1.5 is crazy! My maximum red streak at x1.5 is 13, maybe 14, I am not totally sure, and it was a long time ago, you don't see so long losing streak so often at x1.5 --snip-

It is not crazy at all. I have seen people having even crazier red streak (and even better green streak) when gambling with 1.5x payout. It is just that rng isn't favoring you. People tend to think the more reds they start getting, the better the chance of not hitting a red on the next bet. This isn't true. You might even see a 100x red in a row (but extremely likely to happen) since all bets are an independent event. The next bet no way depends on your previous bet and has the same chance of winning or losing.
Due this sort of believes, people tend to keep on increasing bet size amount after a loss thinking that they next bet has higher chance of winning.

I know that anything is possible, all sorts of crazy stuff can happen with truly fair random generator, but having +20 reds at x1.5 will always be crazy for me. What are the odds for that!? And to be more specific what are the odds for that to happen in the first 10k rolls? We all know that playing longer means longer losing streaks.
Well you need to increase your bets from time to time, after every win/loss or after streak it's up to you and the odds you choose.
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If anyone plays x1.5 with auto betting please be kind and share some of your strategies for this bet. Thanks in advance!

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October 11, 2020, 06:55:17 PM
 #44

I wish I had taken a screenshot or something because people will not believe me but I actually had losing streak of 12 bets in a row and the worst thing was that I never had such streaks and as soon as I started betting big I was losing money like crazy and I not at all blaming the casino because it was Primedice whom I trust the most and I know the provably fair system but I cannot deny the fact either that I was winning nicely suddenly I started to loose as I increased my bet amounts.

I was betting on 1.55 or 1.6 odds actually if I remember right but still after losing like 12 bets in a row I felt really mad and I still remember that day, even recalling that moment makes me feel really mad right now. I feel like 1% edge on dice is more killer than 10-15% edge on sports.
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October 11, 2020, 09:53:07 PM
 #45


19 reds at x1.5 is crazy! My maximum red streak at x1.5 is 13, maybe 14, I am not totally sure, and it was a long time ago, you don't see so long losing streak so often at x1.5 --snip-

It is not crazy at all. I have seen people having even crazier red streak (and even better green streak) when gambling with 1.5x payout. It is just that rng isn't favoring you. People tend to think the more reds they start getting, the better the chance of not hitting a red on the next bet. This isn't true. You might even see a 100x red in a row (but extremely likely to happen) since all bets are an independent event. The next bet no way depends on your previous bet and has the same chance of winning or losing.
Due this sort of believes, people tend to keep on increasing bet size amount after a loss thinking that they next bet has higher chance of winning.
and thats how martingale method was born . instead of doing manual increase they formulate a method to automate the process with course help of a bot or an automatic betting feature of a gambling site

. martingale is still in demand because there are still people that believes on this misconception . its sad to hit a lot of red streaks but if the green streak occur , this also gives us a special feeling but the rate for it to occur is not high as reds because you know its a business .
No bot would work out and this had been known since from the start that no strategy would work and even with that common martingale strategy that we all know.

1.5x on 210% increase? that's quite too much even if you do bet up 2 sats minimum then you would really bust up when losing streak hits you.So far I do make martingale on

100 sats base bet and with some significant bankroll but when 23 reds strikes then it do blown my capital into thin air. Streaks will vary on how big your bankroll is

and even on using DOGE this would be in similar case.

R


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October 11, 2020, 11:21:12 PM
 #46

I wish I had taken a screenshot or something because people will not believe me but I actually had losing streak of 12 bets in a row and the worst thing was that I never had such streaks and as soon as I started betting big I was losing money like crazy and I not at all blaming the casino because it was Primedice whom I trust the most and I know the provably fair system but I cannot deny the fact either that I was winning nicely suddenly I started to loose as I increased my bet amounts.

I was betting on 1.55 or 1.6 odds actually if I remember right but still after losing like 12 bets in a row I felt really mad and I still remember that day, even recalling that moment makes me feel really mad right now. I feel like 1% edge on dice is more killer than 10-15% edge on sports.

i understand the feeling like youve been cheated but it is what it is. that kind of scenario will happen many times, but the truth is theres house edge and hard to beat the house. so whatever strategy or technique you want to implement, remember that you are not playing dice to earn income but enjoy the game. because once your mindset is telling you that you need to earn money from this game, its like something is against your luck.

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October 11, 2020, 11:45:18 PM
 #47

I wish I had taken a screenshot or something because people will not believe me but I actually had losing streak of 12 bets in a row and the worst thing was that I never had such streaks and as soon as I started betting big I was losing money like crazy and I not at all blaming the casino because it was Primedice whom I trust the most and I know the provably fair system but I cannot deny the fact either that I was winning nicely suddenly I started to loose as I increased my bet amounts.

I was betting on 1.55 or 1.6 odds actually if I remember right but still after losing like 12 bets in a row I felt really mad and I still remember that day, even recalling that moment makes me feel really mad right now. I feel like 1% edge on dice is more killer than 10-15% edge on sports.

i understand the feeling like youve been cheated but it is what it is. that kind of scenario will happen many times, but the truth is theres house edge and hard to beat the house. so whatever strategy or technique you want to implement, remember that you are not playing dice to earn income but enjoy the game. because once your mindset is telling you that you need to earn money from this game, its like something is against your luck.
That mindset will always appear when at the gambling place, but only a few people don't think about it and come to the gambling place just to have fun spending money so everyone will indeed have different goals to the gambling place.

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October 11, 2020, 11:58:27 PM
 #48

I wish I had taken a screenshot or something because people will not believe me but I actually had losing streak of 12 bets in a row and the worst thing was that I never had such streaks and as soon as I started betting big I was losing money like crazy and I not at all blaming the casino because it was Primedice whom I trust the most and I know the provably fair system but I cannot deny the fact either that I was winning nicely suddenly I started to loose as I increased my bet amounts.

I was betting on 1.55 or 1.6 odds actually if I remember right but still after losing like 12 bets in a row I felt really mad and I still remember that day, even recalling that moment makes me feel really mad right now. I feel like 1% edge on dice is more killer than 10-15% edge on sports.

i understand the feeling like youve been cheated but it is what it is. that kind of scenario will happen many times, but the truth is theres house edge and hard to beat the house. so whatever strategy or technique you want to implement, remember that you are not playing dice to earn income but enjoy the game. because once your mindset is telling you that you need to earn money from this game, its like something is against your luck.
The gamblers have to prepare the money management on their mind before starting the game and more than 0.1% of the bankroll shouldn't be loss during gameplay. For obvious reason, beating the house edge is impossible because it is against the nature of mathematics. Even the worst losing streaks such as 35 red on roulette table is beatable with right money management but only aggressive money management and wrong mindset will have consequences like losing bankroll. If the 12 losing streak is enough to beat the OP, Martingale or another unclassic MM has been used.

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October 12, 2020, 03:03:13 AM
 #49

I wish I had taken a screenshot or something because people will not believe me but I actually had losing streak of 12 bets in a row and the worst thing was that I never had such streaks and as soon as I started betting big I was losing money like crazy and I not at all blaming the casino because it was Primedice whom I trust the most and I know the provably fair system but I cannot deny the fact either that I was winning nicely suddenly I started to loose as I increased my bet amounts.
this is the problem if you only playing in single site mate,I will never allow myself to lose 6 streak in single gambling site.
Losing 5 straight will make me transfer to my other casino to  find my chance instead of continuing to the first one.
and i lose again 5x?then another casino again but never that happens losing straight 5 in 2 sites at least there is a breaker .






I was betting on 1.55 or 1.6 odds actually if I remember right but still after losing like 12 bets in a row I felt really mad and I still remember that day, even recalling that moment makes me feel really mad right now. I feel like 1% edge on dice is more killer than 10-15% edge on sports.
Have not you try to make the odds higher since you are not lucky in smaller?









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October 12, 2020, 03:31:43 AM
 #50

I've played auto-betting with an increased bet every loses with a very small starting bet and none of it worked. I think the longest one I had was 22 losing streak. I guess even with a high winning probability, you will be busted in the long-run. The house always win by the end of the day.
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October 12, 2020, 04:14:34 AM
 #51

I wish I had taken a screenshot or something because people will not believe me but I actually had losing streak of 12 bets in a row and the worst thing was that I never had such streaks and as soon as I started betting big I was losing money like crazy and I not at all blaming the casino because it was Primedice whom I trust the most and I know the provably fair system but I cannot deny the fact either that I was winning nicely suddenly I started to loose as I increased my bet amounts.

I was betting on 1.55 or 1.6 odds actually if I remember right but still after losing like 12 bets in a row I felt really mad and I still remember that day, even recalling that moment makes me feel really mad right now. I feel like 1% edge on dice is more killer than 10-15% edge on sports.

i understand the feeling like youve been cheated but it is what it is. that kind of scenario will happen many times, but the truth is theres house edge and hard to beat the house. so whatever strategy or technique you want to implement, remember that you are not playing dice to earn income but enjoy the game. because once your mindset is telling you that you need to earn money from this game, its like something is against your luck.
That mindset will always appear when at the gambling place, but only a few people don't think about it and come to the gambling place just to have fun spending money so everyone will indeed have different goals to the gambling place.
It's hard to just hope for victory in a game of dice, because dice games in my opinion rely on luck and enjoy playing just for fun.
dice games are controlled by houses that always win, I only bet on dice gambling just for fun and limit my playing capital and only for fun and if I lose I stop playing according to the capital I have prepared.

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October 12, 2020, 05:36:57 AM
 #52

I've played auto-betting with an increased bet every loses with a very small starting bet and none of it worked. I think the longest one I had was 22 losing streak. I guess even with a high winning probability, you will be busted in the long-run. The house always win by the end of the day.

Using auto-bet indeed in the long run you'll see that each bets start falling, it's only good for short span if you do have good control but for sure a very unwise decision to continue using it if you are planning for long term.

Best to keep trying different strategy or if you are already busted between 3-5 losing streak  much better to rest than to try continuing and experienced same fate, losing everything inside your bankroll.

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October 12, 2020, 01:34:35 PM
 #53

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 %?
Dice is my first choice at any casino and I have tried all different payouts and many strategies in my game. I have played at 1.5× payout as well. But I don't increase my bet amount after every loss. I use to place few small amount bet on that payout. If I get much red in a row I put bigger bet in a hope of win. If I loss I use few more big bet for recover the loss and gain profit. When I get 7 or 8 reds in a row I put almost half of my balance in the next bet. If it become red I put all in next. So I have faced highly 10 to 11 reds on that payout. Maybe there would be more reds if I had amount to continue the bet. After having a bad session I change my strategy always.

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October 12, 2020, 02:40:22 PM
 #54

My biggest losing streak with 1.5?
Umm, let me tell you guys even worst experience of mine than that. I played dice at 999dice with a 1.2x payout limit set per bet, and the bet I placed was 20 satoshis, quadrupled my bets by clicking x2 2 times after losing in order to win the bets. I didn't stick to the same side, I placed both over/under bets because I was too skeptical that a single side would win continuously. Now, opening the suspense, the number of bets I lost constantly were 11 with a total of ~BTC0.28 lost at that time when the price was near $300-350 per BTC.

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October 12, 2020, 03:45:43 PM
 #55

My biggest losing streak with 1.5?
Umm, let me tell you guys even worst experience of mine than that. I played dice at 999dice with a 1.2x payout limit set per bet, and the bet I placed was 20 satoshis, quadrupled my bets by clicking x2 2 times after losing in order to win the bets. I didn't stick to the same side, I placed both over/under bets because I was too skeptical that a single side would win continuously. Now, opening the suspense, the number of bets I lost constantly were 11 with a total of ~BTC0.28 lost at that time when the price was near $300-350 per BTC.
I think you may not really understand gambling at 999dice because maybe the appearance makes users confused but I am sure if you lose that much bitcoin assets when bitcoin is priced more than $ 15k it will make you depressed because it is a very large amount, because I lost only BTC0.1 with different games after that I was more careful when at gambling.

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October 12, 2020, 04:02:37 PM
 #56

I generally do a 200% increase on loss when playing x1.5 as that's the way to plain martingale it. Since theoretically, there can be any number of loss streak in any odds, loss streak on 1.5 should still be less than that of 2 (0.75x of loss streak on 2).
I haven't counted my exact number of loss streak on x1.5 but I remember one being of 14 straight bets, my bankroll busted by then.
I have realized that martingale works better if you skip a few bets when you are on a long losing streak, but again it's has no statistical evidence.



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October 12, 2020, 04:26:38 PM
 #57

I think you may not really understand gambling at 999dice because maybe the appearance makes users confused but I am sure if you lose that much bitcoin assets when bitcoin is priced more than $ 15k it will make you depressed because it is a very large amount, because I lost only BTC0.1 with different games after that I was more careful when at gambling.

Nothing was confusing for me as I was also a regular dice player at primedice since the days it was spreading its wings into the gambling industry. 999dice was so easy to understand, it was just my bad day or bad luck, whatever you'd call it. And about the loss, I was not so bothered at that time but I shared it here because of the streak that's unforgettable at my end. I mean, can you even think of losing at 1.2x for straight 11 times in a row?

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October 12, 2020, 10:34:05 PM
 #58

Dice games are my favorite, so I have tried all of the payout strategies in dice games. Including dice with 1.5 payout, I often use it,
for me 1.5 payouts are very profitable compared to other payouts. I've managed to get a big profit using the 1.5 payout, but because
dice is a gambling game based on luck. So if it is used in the long term, it will cause losses. I once got 16 reds in a row when using
the 1.5 payout, and made the loss that I experienced was quite large.

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October 13, 2020, 08:06:43 AM
 #59

My biggest losing streak with 1.5?
Umm, let me tell you guys even worst experience of mine than that. I played dice at 999dice with a 1.2x payout limit set per bet, and the bet I placed was 20 satoshis, quadrupled my bets by clicking x2 2 times after losing in order to win the bets. I didn't stick to the same side, I placed both over/under bets because I was too skeptical that a single side would win continuously. Now, opening the suspense, the number of bets I lost constantly were 11 with a total of ~BTC0.28 lost at that time when the price was near $300-350 per BTC.
Actually 999dice had issues in past and they have been always considered as a scam casino. Their thread (scam casino, don't play anyone reading) - https://bitcointalk.org/index.php?topic=386238.0

They have a lot of scam accusations which are unsolved and there are many kind of accusations like some players have tagged them for scamming or rigging rolls while some had withdrawal problems and they were unable to prove the bank they claimed they had for which someone as reputed as Stunna left them negative feedback so save other members from falling for this scam. I used to play there long time back and actually used to lose a lot.

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October 19, 2020, 09:05:04 PM
 #60

Using auto-bet indeed in the long run you'll see that each bets start falling, it's only good for short span if you do have good control but for sure a very unwise decision to continue using it if you are planning for long term.

Best to keep trying different strategy or if you are already busted between 3-5 losing streak  much better to rest than to try continuing and experienced same fate, losing everything inside your bankroll.
Doesn't matter if we use autobet or manual bet as long as we stop after winning we are good and if we bet for long term we are mathematically inclined to lose money as more wager means more chances of losing and you might get saved by luck a few hours maybe days but surely not months and years and hence all the gamblers who play everyday or consistently are always in loss.

Best to keep trying different strategy or if you are already busted between 3-5 losing streak  much better to rest than to try continuing and experienced same fate, losing everything inside your bankroll.
I usually try and do pre-rolls that is making zero or non significant amount of bets like 100 satoshi and once I have accumulated at least 3-4 losses then I go with my real strategy. This sounds foolish I know for many and chances of losing any bet is same regardless of the previous rolls but somewhere you have to think that law of average will come into affect.

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