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Author Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤  (Read 16453 times)
Lakai01
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October 31, 2019, 08:27:50 AM
 #1701

Statistically speaking the prize you may win lowers the house edge. So you can wager more than you normally should, this can be perfectly seen in the last contests where the #1-spot was taken with way more than 10 BTC which looks odd at first glance (10 BTC * 1% house edge is 0.1 -> exactly the prize for the first place).

It is I think not to do with statistics (statistics show how chance translates into likelihood) here and even so,,, you are wrong. It does not lower the house edge. It makes up for it.

So in your example, the prize of 0.1 BTC will make up for the house edge, so the guy is break even, not positive.

If he has a referrer then the house is in negative.

Of course its statistics.
We discussed the dropping of the house edge a few pages back, here is the relevant quote of the discussion:

-snip-
Well, you are missing the point that he is dropping the house edge down. What would normally he get on a day there is no contest? 14 bitcoins wagered means 0.14 lost right? Well if he gets to win 0.1 of it back that means 14 btc is expected to lose 0.04 only and not 0.14 and that is why they play such huge amounts.

It is still not a guaranteed win but its at least a way to make some of it back, they could always get lucky and win some of it and that would mean break even or even profit for them. Sure they could lose a lot more as well but when you gamble 14 bitcoins there is a chance you hit some good rolls in a row and end up at the plus side. That's all they are trying to achieve here, yoloer even said he ended up with profiting on his second run for example.

TL;DR: You have to calculate the amount won because of the prize pool back in which leads to a drop of the house edge.

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October 31, 2019, 08:47:36 AM
 #1702

There is still some time to go that is why we haven't seen anything big yet. Usually the whales try to just get in at the last moment, sometimes too last moment because all of them rush at the last moments and sometimes even when they have the money for it some people end up in place they don't want to because they run out of time.

rush hour or rush minute is not a problem for those big time gamblers because they can always bet huge ( all in ) therfor they can still win the game or take the lead versus other waggerers that only wagger small amount of cryptos overtime  .

 thats what i also notice , that on every wagger race . people love to enter late to think that other players were confident enought about thier position  . thats another one good strategy to win though

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October 31, 2019, 09:33:31 AM
 #1703

With less than 10 hours left till the end of the Halloween Contest the struggle is heating up. I have a feeling that the player who takes the 1st place currently



will remain there, because he keeps wagering while it seems like others from the top 3 have stopped playing. But who knows what can really happen next? Usually the last hour is the hottest one in such contests, so maybe we'll see new names in the top 3 closer to the finish.

I think the decision to give 64% of the prize pool to the top 3 players is the right one. Top places now are really worth fighting for. Good luck everyone! And

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October 31, 2019, 04:33:25 PM
 #1704

^It is already around 5 bitcoins last I checked, this is going to be a really entertaining at the last seconds. I really admire these people, not because they are rich which is also a reason why I really admire them and would love to be like them, these amounts are so high that I could live like a whole year with these contest amounts.

Yes, they are not "losing" that much money, that would have been crazy but they can afford this much money for sure which is why I admire them. I admire them because of their bravery, even if I had tons of money I wouldn't be able to brave enough to risk this much money, I love to gamble and I would set myself a certain amount to gamble considering that money gone and be able to gamble that way, but risking contest level of gambling would be very scary to me.




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October 31, 2019, 07:03:53 PM
 #1705

The contest just ended. I was refreshing the contest page in the last 2 minutes continuously. It was a big competition between two gamblers. Each of them wagered about 3 bitcoin in those 2 minutes and one them won the first place with only 0.13 BTC difference.
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October 31, 2019, 07:10:26 PM
 #1706

Congratulations to the winners of the Halloween contest!


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October 31, 2019, 10:07:45 PM
 #1707

Congratulations to the winners of the Halloween contest!
Congrats and happy halloween to everyone.

I see that there's rodolman again, he's good and maintained himself from one of the top places of the contest which is #2.

Good job for windice again for running a great contest and I guess soon there will be again. And to those winners, you all deserve it!

It was a big competition between two gamblers. Each of them wagered about 3 bitcoin in those 2 minutes and one them won the first place with only 0.13 BTC difference.
Yeah, that was a close fight for them but still they're both winners but with different prizes.

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October 31, 2019, 10:30:34 PM
 #1708

Congratulations to everyone who won specially the top spots or ranking on the wager event.


Yeah, that was a close fight for them but still they're both winners but with different prizes.
Prize difference is between half to each other thats why its more good to secure the higher one.
Top 1 and 2 do only have minimal gaps and as expected to happen for last minute where the real
big bets pops out.  Grin

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October 31, 2019, 11:59:57 PM
 #1709

Congratulations to everyone who won specially the top spots or ranking on the wager event.


Yeah, that was a close fight for them but still they're both winners but with different prizes.
Prize difference is between half to each other thats why its more good to secure the higher one.
Top 1 and 2 do only have minimal gaps and as expected to happen for last minute where the real
big bets pops out.  Grin
The top two has got a very minimal difference on the wagered amount. The last minutes have given hard competence between the two. For the small difference what the second position taker missed is a big amount. There is 0.065 btc difference, a win is always appreciable. Expecting more such competitions to take place over the days to come.

 
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November 01, 2019, 03:44:39 AM
 #1710

The top two has got a very minimal difference on the wagered amount. The last minutes have given hard competence between the two. For the small difference what the second position taker missed is a big amount. There is 0.065 btc difference, a win is always appreciable. Expecting more such competitions to take place over the days to come.

The prize the first winner won has a significant value. Assuming that this gambler has lost 1% of the wagering amount, he has won a big profit.
I expected much more wagering amount to be needed to win the first place. Because in the latest 3-day contest, the first winner had wagered 14 BTC. This was a 4-day contest and I expected even higher amounts.
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November 01, 2019, 04:17:44 AM
 #1711

The top two has got a very minimal difference on the wagered amount. The last minutes have given hard competence between the two. For the small difference what the second position taker missed is a big amount. There is 0.065 btc difference, a win is always appreciable. Expecting more such competitions to take place over the days to come.

The prize the first winner won has a significant value. Assuming that this gambler has lost 1% of the wagering amount, he has won a big profit.
I expected much more wagering amount to be needed to win the first place. Because in the latest 3-day contest, the first winner had wagered 14 BTC. This was a 4-day contest and I expected even higher amounts.

Well, 1% loss of the wagering amount doesn't matter because the first winner will have the most to gain from the prize. This became a pretty fierce contest for the first and second winners in the future, because of course they will compete with more wagering. And I hope Windice considers the prize for the first to third winners so that the prize doesn't far differ too much.
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November 01, 2019, 05:53:55 AM
 #1712

Well, 1% loss of the wagering amount doesn't matter because the first winner will have the most to gain from the prize. This became a pretty fierce contest for the first and second winners in the future, because of course they will compete with more wagering. And I hope Windice considers the prize for the first to third winners so that the prize doesn't far differ too much.
It doesnt matter for the first place, thats right. But the second place barely broke even when you consider the house edge due to the fact that the prizes differ that much
->  Letting the prizes differ that much is a hugh incentive for the players

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November 01, 2019, 06:25:33 AM
 #1713

The top two has got a very minimal difference on the wagered amount. The last minutes have given hard competence between the two. For the small difference what the second position taker missed is a big amount. There is 0.065 btc difference, a win is always appreciable. Expecting more such competitions to take place over the days to come.

The prize the first winner won has a significant value. Assuming that this gambler has lost 1% of the wagering amount, he has won a big profit.
I expected much more wagering amount to be needed to win the first place. Because in the latest 3-day contest, the first winner had wagered 14 BTC. This was a 4-day contest and I expected even higher amounts.

Well, 1% loss of the wagering amount doesn't matter because the first winner will have the most to gain from the prize. This became a pretty fierce contest for the first and second winners in the future, because of course they will compete with more wagering. And I hope Windice considers the prize for the first to third winners so that the prize doesn't far differ too much.

The prize distribution is fair enough already, if they change it to make it like what you hope (not differ to much between the first - third winner) then the competition wont be attractive because the competition to be the first wont be that tight because of the small difference prize. I believe windice knows and realizes about it very well and they should keep how they distribute the prize like what they have done so far.




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November 01, 2019, 08:16:08 AM
 #1714


Of course its statistics.
We discussed the dropping of the house edge a few pages back, here is the relevant quote of the discussion:

TL;DR: You have to calculate the amount won because of the prize pool back in which leads to a drop of the house edge.

House edge and statistics are definitely relevant, but again I insist that prize pool alone does NOT lead to a drop in the house edge.

Remember, guaranteed prize pool assumes also (again statistics here yes) that people will compete and wager to win the contest, but statistically speaking,,, MOST gamblers are not smart so will either be impatient or will fall victim to variance.

Prizes, house edge, variance possibilities all lead to a drop or rise in EXPECTED RETURN. House edge never changes, my friend.

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November 01, 2019, 09:18:57 AM
 #1715


Yeah, that was a close fight for them but still they're both winners but with different prizes.
Prize difference is between half to each other thats why its more good to secure the higher one.
Top 1 and 2 do only have minimal gaps and as expected to happen for last minute where the real
big bets pops out.  Grin
It became crucial for them but the best have won it and still they've both have prizes to receive but yeah the higher one matters.

I believe windice knows and realizes about it very well and they should keep how they distribute the prize like what they have done so far.
Yes, they did. Expect that the next competitions will always be like this. Giving a place to a lot of players and the distribution of reward is decent and justifiable.

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November 01, 2019, 09:44:08 AM
 #1716

Most likely this is a secret, but still I’ll ask. Are there any setups for automatic dice to stay in a small minus, but wind up the volume for the competition? But most likely whoever uses this just will not tell me Lips sealed
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November 01, 2019, 10:32:14 AM
 #1717

Prizes, house edge, variance possibilities all lead to a drop or rise in EXPECTED RETURN. House edge never changes, my friend.
When you think about the house edge as "an advantage over the player" you are right, my friend Wink. This was the same mistake I made when we discussed the house edge a few pages back.
But that is only one side of the medal. A casino survives because the EXPECTED RETURN is higher than the amount they have to pay out. Imagine windice is constantly holding such contests, leading to the fact that they pay out the same amount they earn from their players. What happens to the house edge (in terms of expected return or "survivability" and even in "advantage over the player")? Right, it drops.

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November 01, 2019, 12:43:22 PM
 #1718

Most likely this is a secret, but still I’ll ask. Are there any setups for automatic dice to stay in a small minus, but wind up the volume for the competition? But most likely whoever uses this just will not tell me Lips sealed
Maybe that is called a strategy in playing automatic betting but I'm not sure if there are people who share the setup with other players. Or there could be people who use third-party bots with a precise setup. Your win depends on your luck literally it is difficult to beat the house.

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iePlay Nowei
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November 01, 2019, 01:56:31 PM
 #1719

Most likely this is a secret, but still I’ll ask. Are there any setups for automatic dice to stay in a small minus, but wind up the volume for the competition? But most likely whoever uses this just will not tell me Lips sealed

there is no secret , you can use the most common strat - 98% winning chance
you can simply roll straight 10.000-100.000 satoshi and expect to lose around 1-2% of your bank eventually while wagering relatively high amounts
the problem is that you have to get a high initial bank and start early
or risk to get wiped when you get 2-3 consecutive reds in a row on a high base bet

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November 01, 2019, 02:08:28 PM
 #1720

Most likely this is a secret, but still I’ll ask. Are there any setups for automatic dice to stay in a small minus, but wind up the volume for the competition? But most likely whoever uses this just will not tell me Lips sealed
Maybe that is called a strategy in playing automatic betting but I'm not sure if there are people who share the setup with other players. Or there could be people who use third-party bots with a precise setup. Your win depends on your luck literally it is difficult to beat the house.

If they are successful on their strategy then why would they share it? for sure they will keep it in there hands since they don't want it to scattered since for sure the house will do an update and those strats will not work again. But I literally want to know if there are really guys who win by using a bot since as you said which I agree also the winning percentage is always base on your luck.

 
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