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Author Topic: Primedice BTC doubling method. Not flawless but it works more often than not.  (Read 8776 times)
monbux
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May 01, 2014, 09:57:47 PM
 #21

Lost my 0.1 BTC Grin  Oh well, dice sites always seemed to hate me Sad
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May 02, 2014, 12:50:05 AM
 #22

If you stick with money you can afford to lose, and consider this fun, then it is possible to win frequently at Primedice.
For a balanced portfolio make sure you do a healthy amount of day-trading alt coins.  Cheesy

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May 02, 2014, 01:31:38 AM
 #23

There is no winning strategy at all if the results are truly random. Smiley

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May 05, 2014, 11:45:36 AM
 #24

There is no winning strategy at all if the results are truly random. Smiley


I think U got it wrong. It should be:

If the results are truly random, there is a winning strategy.
But because the results are NOT truly random, >> U WILL END UP LOSING.

People if U want to try out any betting strategy, U don't need to make deposit to try out. Currently, U can play a tournament with fake BTC.01 @ sato-dice.com and win some real BTC OR fairproof.com.

I've been looking for EFFECTIVE betting strategy for like 2 years now (including the strategy specify as the topic of this post), but there is 0 available, although I am still looking.

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May 05, 2014, 11:50:19 AM
 #25

There is no winning strategy at all if the results are truly random. Smiley


I think U got it wrong. It should be:

If the results are truly random, there is a winning strategy.

Why and how?  Huh
If the results are truly random, you will always lose on average in the long run due to the edge.

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May 05, 2014, 11:54:17 AM
 #26

I think U got it wrong. It should be:

If the results are truly random, there is a winning strategy.
But because the results are NOT truly random, >> U WILL END UP LOSING.

People if U want to try out any betting strategy, U don't need to make deposit to try out. Currently, U can play a tournament with fake BTC.01 @ sato-dice.com and win some real BTC OR fairproof.com.

I've been looking for EFFECTIVE betting strategy for like 2 years now (including the strategy specify as the topic of this post), but there is 0 available, although I am still looking.

Either you're drunk or you don't understand the mathematical concept behind probability. There is no such thing as a winning strategy in a pure chance zero sum or negative expected value game over the long term. Many people claim that martingale progressions are a 'strategy' but in reality they are a short-term sham. I can guarantee you my house that after 1 billion rolls you will be broke running martingale. I can also guarantee you that after 1 billion rolls on any negative EV pure chance based gambling you will lose money.

Don't waste your time - it doesn't exist. Or at least spend your time learning the maths as to why it doesn't exist then you won't have to waste another 2 years.
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May 05, 2014, 12:35:18 PM
 #27

actually the best strategy to win in a fair 50/50 bet game is this:

bet 1 unit.

then win or lose, you bet 2 units.

then 3,
then 4,
then 5,
etc.

Simply increase by 1.

Eventually you should come out ahead.
(But you may need to get to 10,000 units or more.)

With a large enough bankroll, it works and so does martingale.

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May 05, 2014, 12:44:07 PM
 #28

actually the best strategy to win in a fair 50/50 bet game is this:

bet 1 unit.

then win or lose, you bet 2 units.

then 3,
then 4,
then 5,
etc.

Simply increase by 1.

Eventually you should come out ahead.
(But you may need to get to 10,000 units or more.)

With a large enough bankroll, it works and so does martingale.

Your first proposition doesn't work. You don't come out ahead after infinite rolls on a zero sum game (assuming 50% = 2x multiplier). You come out exactly even having made nothing.

Martingale only works on the short term with a defined limit - try it with 1 billion rolls and get back to me if you managed to make it without busting. The problem is that even if you did have infinite money (not possible) a max bet means that your progression eventually dies if you're unlucky.
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May 05, 2014, 12:48:54 PM
 #29


Your first proposition doesn't work. You don't come out ahead after infinite rolls on a zero sum game (assuming 50% = 2x multiplier). You come out exactly even having made nothing. 

Yes, that is obviously true.

However, there is a good probability you will be ahead at many points, any of which
you could cash out.

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May 05, 2014, 01:00:57 PM
 #30

Yes, that is obviously true.

However, there is a good probability you will be ahead at many points, any of which
you could cash out.

Let me clarify something - does your suggestion mean you go back to 1 when you hit a winning roll or you just progress infinitely? If you reset at 1 you're taking a loss at rolls of value greater than 2.

It's also just as probable that you are behind at any of these points.
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May 05, 2014, 01:04:14 PM
 #31

Yes, that is obviously true.

However, there is a good probability you will be ahead at many points, any of which
you could cash out.

Let me clarify something - does your suggestion mean you go back to 1 when you hit a winning roll or you just progress infinitely? If you reset at 1 you're taking a loss at rolls of value greater than 2.

It's also just as probable that you are behind at any of these points.

no, don't go back to 1.  win or lose, just keep playing and increasing.

The idea is that there will be standard deviation, sometimes you'll be
up, sometimes you'll be down, but as you keep increasing bet size,
you'll eventually get an upswing that puts you in a healthy profit.

(Now, all this falls apart with the house edge)

Still, it is an interesting idea that I read many years ago
in a gambling book, and maybe someone will find it
"useful". Smiley


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May 05, 2014, 01:07:56 PM
 #32

no, don't go back to 1.  win or lose, just keep playing and increasing.

The idea is that there will be standard deviation, sometimes you'll be
up, sometimes you'll be down, but as you keep increasing bet size,
you'll eventually get an upswing that puts you in a healthy profit.

(Now, all this falls apart with the house edge)

Still, it is an interesting idea that I read many years ago
in a gambling book, and maybe someone will find it
"useful". Smiley



Your assuming an eventual upswing when you're just as probable to have the same downswing and possibly bankrupt yourself. It really does come down to luck - if you're lucky enough you can make n number of bets at 0.01% and win them while if you're unlucky you can lose n bets at 98%. House edge or no, variance in the short term is the bigger danger. House edge only comes into play during long sessions with many, many bets.
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May 05, 2014, 01:09:04 PM
 #33

  It really does come down to luck 

Agreed.  That's why its called "gambling"  Cheesy

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May 05, 2014, 05:53:36 PM
 #34

The best way to double your coins is... bet all in. Even Albert Einstein didnt manage to beat house edge so dont think you can
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May 07, 2014, 05:26:20 AM
 #35

I made some adjustments with your algo and it seems to be working.

What I did was multiply your bet by 1.4^4 after getting 4 loses in a row.

I'm currently using this algo for days and got good profits. (about 5x-6x of my investment)

Look at my spreadsheet below.

I used the formula balance/1.4^(max lose streak)

The algo will start multiplying the bet at the 4th lose streak then continuously bet until you win.

I also used 1.4 as multiplier because it could make the bankroll last longer than the previous 1.5.

https://docs.google.com/spreadsheets/d/1ESf8bNpOfu0qF4hSDpW3L8ftxHExgMkGJ1rT0qOk7CQ/edit?usp=sharing 
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May 07, 2014, 06:03:17 AM
 #36

Well no real guaranteed way to work but some strategies can help you get success
So glad to hear it is working for you mate

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May 07, 2014, 08:29:57 AM
 #37

Well no real guaranteed way to work but some strategies can help you get success
So glad to hear it is working for you mate

There is no strategy.
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May 07, 2014, 08:38:03 AM
 #38

Well no real guaranteed way to work but some strategies can help you get success
So glad to hear it is working for you mate

There is no strategy.
I know there is no such thing as strategy in a random number generation but do you really think that these guys will actually do 1billion rolls? That would take them a year or more if made manually.
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May 07, 2014, 01:38:11 PM
 #39

Because there is a house edge, you can't win consistently at dice unless you have a literally unlimited bankroll.  Eventually you'll have the really really bad streak.  So just don't be greedy and get out when you make a profit. 



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May 09, 2014, 06:08:47 AM
 #40

Faucet and bet 999x repeat until you hit or you can't be bothered  Wink
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