Bitcoin Forum
July 24, 2019, 07:41:18 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Kudos for just-dice. Variance without sacrifice.  (Read 3495 times)
PacoMartin
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
June 13, 2014, 04:13:44 PM
 #1

Often mathematicians give long winded arguments concerning Martingale, Reverse Martingale and D'Alembert. They explain about independent events and "dice don't have memory, but people do". So to repeat, betting systems don't change the underlying probability of the game, they don't make it better or worse. As long as you understand that point, you won't be under any delusions.

But people crave variance. They like to bet on boxcars, they like the thrill of Martingale, they enjoy throwing a small amount of money into a lottery ticket with a huge prize. Casinos know this, so they normally set very high house edge for jackpot bets.

Personally, I would much rather play 10 bets that pay 10 for 1, then 10 even money bets. It's more satisfying.

So, I want to give kudos to just-dice.com . They offer you any choice of jackpot you want, and all at the same low house edge of 1%. So instead of playing hard-ways or boxcars or any other proposition bet at casino craps where the house edge is 9.09% or 11.11%, I can set up the same payouts without paying a ridiculous house edge.

Wine loved I deeply, dice dearly -Shakespeare
1563954078
Hero Member
*
Offline Offline

Posts: 1563954078

View Profile Personal Message (Offline)

Ignore
1563954078
Reply with quote  #2

1563954078
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563954078
Hero Member
*
Offline Offline

Posts: 1563954078

View Profile Personal Message (Offline)

Ignore
1563954078
Reply with quote  #2

1563954078
Report to moderator
1563954078
Hero Member
*
Offline Offline

Posts: 1563954078

View Profile Personal Message (Offline)

Ignore
1563954078
Reply with quote  #2

1563954078
Report to moderator
FFrost
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
June 13, 2014, 04:31:02 PM
 #2

I would play if the site worked on my phone.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!