JoelKatz
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Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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November 20, 2014, 10:37:09 PM |
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A system like this would basically show you that autobet is useless, every strategy is the same, and you should probably place a single bet with the profit you're aiming at.
Not so. Some systems provide a very low probability of losing and a very high probability of winning. Betting systems let you choose between this: You have a one in a million chance of winning $700,000, otherwise you lose $1. And this: You have a one in a million chance of losing $1,300,000, otherwise you win $1. That is, they adjust the odds of winning, the odds of losing, the amount you win, and the amount you lose. Typical progressive betting systems provide a very low probability that you will lose. In compensation, the amount you can win is very small relative to the amount you can lose. |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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krishatnet
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November 21, 2014, 04:59:40 AM |
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I have seen many people using auto bet option I think they have some good strategies to win the game. I don't use auto bet option.
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SF-Man
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Activity: 98
Merit: 10
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November 21, 2014, 06:24:39 AM |
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I have seen many people using auto bet option I think they have some good strategies to win the game. I don't use auto bet option.
Aside from using them, some people also make their own bots. |
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erre
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Activity: 1652
Merit: 1205
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November 21, 2014, 04:55:28 PM |
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A system like this would basically show you that autobet is useless, every strategy is the same, and you should probably place a single bet with the profit you're aiming at.
Not so. Some systems provide a very low probability of losing and a very high probability of winning. Betting systems let you choose between this: You have a one in a million chance of winning $700,000, otherwise you lose $1. And this: You have a one in a million chance of losing $1,300,000, otherwise you win $1. That is, they adjust the odds of winning, the odds of losing, the amount you win, and the amount you lose. Typical progressive betting systems provide a very low probability that you will lose. In compensation, the amount you can win is very small relative to the amount you can lose. In wich way this is different than betting $1 with 1/700000 chanche of winning, or betting 1300000 with 99.999... % chanche? |
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JoelKatz
Legendary
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Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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November 21, 2014, 05:43:57 PM |
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In wich way this is different than betting $1 with 1/700000 chanche of winning, or betting 1300000 with 99.999... % chanche?
Typically you're not offered those options. If you are, then there's no point in using a betting system. |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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El Emperador
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November 21, 2014, 05:49:21 PM |
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How useful are autobets/autorolls in playing dice?
Does it make a difference?
No, there isn't a real difference, so you could use autorolls to avoid wasting time yourself  |
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kashish948
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Activity: 1596
Merit: 1000
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November 21, 2014, 06:10:40 PM |
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this! you WILL LOSE in the long run.
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erre
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Activity: 1652
Merit: 1205
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November 21, 2014, 06:11:18 PM |
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Yep, exactly what I was meaning: autobet are useless, we only need more customizable odds
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JoelKatz
Legendary
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Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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November 22, 2014, 12:20:50 AM
Last edit: November 24, 2014, 08:14:03 AM by JoelKatz |
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true. you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win. These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100. |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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Nerazzura
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November 24, 2014, 01:24:49 PM |
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I have seen many people using auto bet option I think they have some good strategies to win the game. I don't use auto bet option.
it's true. if you find a method to auto script then it is only valid for a period of 2 days, after which it will not work. safer to manually bet |
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mllenios
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Activity: 154
Merit: 100
PAMINTA 101
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November 24, 2014, 01:36:54 PM |
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I have seen many people using auto bet option I think they have some good strategies to win the game. I don't use auto bet option.
it's true. if you find a method to auto script then it is only valid for a period of 2 days, after which it will not work. safer to manually bet Fuck it. PD autobet option sucks. |
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noel57
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November 24, 2014, 02:51:48 PM |
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It will roll your dice for you even while you are sleeping  |
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yenzae0215
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November 24, 2014, 03:02:18 PM |
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auto bets doesnt make difference its just for lazy people like me |
Banned**
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Criterion
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Activity: 73
Merit: 10
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November 24, 2014, 03:03:17 PM |
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true. you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win. These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100. The majority will win, yet some will lose big. If anything autobetting is in the hosts favour. |
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adaseb
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Activity: 3724
Merit: 1708
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November 24, 2014, 03:39:28 PM |
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I doubt it. When time -> infinity the house will always win. Its something gambling sites have to make you think you are winning.
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freedomno1
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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November 24, 2014, 11:04:48 PM |
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How useful are autobets/autorolls in playing dice?
Does it make a difference?
In my opinion manual works better but its a lot slower Might just be because your playing sides That said bots are a lot faster so easier to process |
Believing in Bitcoins and it's ability to change the world
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mezmerizer9
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November 25, 2014, 12:24:06 AM |
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How useful are autobets/autorolls in playing dice?
Does it make a difference?
Yes, you can lose all your money doing nothing. Avoid those bots and things like that, you won't do anything better with them. |
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Omikifuse
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Activity: 1750
Merit: 1009
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November 25, 2014, 12:35:17 AM |
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On PD autobet is good to reach certain achievements.
In general is good to try martingale or other strategies
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mezmerizer9
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November 25, 2014, 12:55:05 AM |
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On PD autobet is good to reach certain achievements.
In general is good to try martingale or other strategies
It's good to use them if you KNOW how to use them. Most people run the bot and go to fb and lose everything of course. |
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kashish948
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Activity: 1596
Merit: 1000
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November 25, 2014, 05:01:00 AM |
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no matter what you do, the house edge remains the same. you CANNOT do anything to change this!
Absolutely true. you WILL LOSE in the long run.
Absolutely false. You can make this highly unlikely with betting systems. The vast majority of people who use a betting system correctly will win. These are not incompatible. Imagine a system where you have a 99% chance of winning $1 and a 1% chance of losing $200 and the total number of bets required is always less than 100. The house certainly has a huge edge. But the vast majority of people who use this system will win. And there can never be a "long run" because the total number of bets required by the system is always less than 100. The bold part says it all. If the house has an edge, YOU WILL LOSE whatever betting system you use. Vast majority (99 out of 100) will win negligible amounts (1$) and 1 person will lose a big amount (200$). This will give the house a profit of 100$. Who loses this? The players. When this thing is repeated a 100 times (long run), everybody will lose (100$ each) and the house will win 10,000$ mathematically. So yes, if there is a house edge YOU WILL EVENTUALLY LOSE. |
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