Dice Bot Challenge

[rfisher1968]

The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.

Example strategy:

Multiplier = 6x (Over 83.49)
base bet = 2 satoshi
after 3 losses double bet
after win return to base

The time limit on the contest is 2015-02-18 1pm GMT

Server seed will be the Merkle Root of the first BTC block after that time.

Client seed will be the Merkle Root of the next BTC block after that time.

The winner will be the one with the highest balance after 1 million bets without crashing.

What you win, knowledge of a system that works.


You just post your strategy and I will simulate your strategy with a starting balance of 0.05 btc using the server seed and client seed described in the first post.

[1713915922]

1713915922

[1713915922]

1713915922

[1713915922]

1713915922

[1713915922]

1713915922

[calci]

The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.

Example strategy:

Multiplier = 6x (Over 83.49)
base bet = 2 satoshi
after 3 losses double bet
after win return to base

Maybe keep betting 1 satoshi at 1.1x and keep betting. You will lose one out of 10 on average and will have a lot of bets before you bust

[rfisher1968]

Yes, but there has to be a "if" condition that tells the simulator to bet 0

Are bets of 0 considered acceptable?

[rfisher1968]

That strategy wouldn't crash but would have low balance compared to other strategies.

The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.

Example strategy:

Multiplier = 6x (Over 83.49)
base bet = 2 satoshi
after 3 losses double bet
after win return to base

Maybe keep betting 1 satoshi at 1.1x and keep betting. You will lose one out of 10 on average and will have a lot of bets before you bust

[Shogen]

The Challenge is to create a betting strategy that will last 1 million bets without crashing. Your starting balance is 0.05 BTC and will be run on a simulator using the primedice provably fair algorithm. The highest balance after 1 million bets, wins. Everybody will be using the same server seed and client seed. To enter post your strategy.

Example strategy:

Multiplier = 6x (Over 83.49)
base bet = 2 satoshi
after 3 losses double bet
after win return to base

Yes, but there has to be a "if" condition that tells the simulator to bet 0

Are bets of 0 considered acceptable?

Multiplier = 200; // win chance = 0.495%
base bet = 0.0005; // 1% of initial balance
if (balance > 0.05)
  base bet = 0; // stop betting after getting a win

I have 39.12% chance to get above 0.05 (up to 0.1495 if I win the first bet) and 60.88% to end up with 0 btc.

[PonziLord]

Do you have any base scripts to use for betting? Like getting the hashes bla bla bla. I have a pretty good strategy on my mind.

[flippy]

multiplier = 2x;
base bet=1 satoshi;
if (1==1)
base bet = 0;

100% chance of finishing with 0.05 (unless the site runs with your coins)

[elephantas1]

if (1==1)
base bet = 0;

does that mean that always base bet will be 0? you wrote if 1 equals 1 base bet is 0. am i missing something?

[koshgel]

Have any of these bots proven successful over the short or long term?

[XinXan]

Base bet: 1 satoshi on a 2x multiplier
If lose: double initial amount until (8 satoshis) if you lose on 8 satoshis change initial bet to 10 satoshis and start betting, if lose start doubling until 80 satoshis, if win 2 times (20 satoshis) start with 1 satoshis base bet again, if you lost on 80 satoshis use 100 satoshis base bet and start doubling and so on until you get out of coins i hope i made it clear enough

As an example:
1 satoshi bet : lost
2 sat : lost
4 sat : lost
8 sat : lost
10 sat : win
10 sat : lost
20 sat : win
Now you bet 1 satoshis because you won 2x10

[rfisher1968]

Yes, I have a PHP script that I'll be using to simulate 1 million bets.

Do you have any base scripts to use for betting? Like getting the hashes bla bla bla. I have a pretty good strategy on my mind.

[sherbyspark]

Just keep betting 1 satoshi at 50% . You will see a lot of bets before you bust.

I think op is looking for a way to make max money or have max balance. Using this you would lose apporixately, 1% of the million bets you are making and will be at a bigger loss than other methods.

[bitbaby]

Ok here goes mine. 10 satoshi bet on 70%, continue to bet the same amount until you get 4 consecutive losses then quadruple the amount, which would be 40 satoshis, make 3 bets, if you lose any of those 3, quadruple it again which would be 160 satoshis, if you don't lose any of those 3 bets, get back to base bet again.

[ndnh]

Everybody will be using the same server seed and client seed.

Sure, I can easily win this.  
I can even make the win around 100BTC using a custom strategy made using already known rolls.

Pity I don't know coding.   Could someone team up with me? What is the prize?

[Pony789]

Everybody will be using the same server seed and client seed.

Sure, I can easily win this.  
I can even make the win around 100BTC using a custom strategy made using already known rolls.

Pity I don't know coding.   Could someone team up with me? What is the prize?

I don't think he will announce the client seed and server seed beforehand lol.

On the other hand, the contest could be made fair, by setting a specific contest ending time and using the first block reward's txid after that time as the seeds.

[B4RF]

Multiplier = 7x (Over 85.85)
base bet = 10 satoshi
increase on loss by 1.17%
after win return to base

If you don't bust you will end up with about 0.5BTC

[rfisher1968]

The time limit on the contest is 2015-02-18 1pm GMT

Server seed will be the Merkle Root of the first BTC block after that time.

Client seed will be the Merkle Root of the next BTC block after that time.

The winner will be the one with the highest balance after 1 million bet without crashing.

Everybody will be using the same server seed and client seed.

Sure, I can easily win this.  
I can even make the win around 100BTC using a custom strategy made using already known rolls.

Pity I don't know coding.   Could someone team up with me? What is the prize?

I don't think he will announce the client seed and server seed beforehand lol.

On the other hand, the contest could be made fair, by setting a specific contest ending time and using the first block reward's txid after that time as the seeds.

[BigMac]

Here is my idea:
Multiplier = 2x
base bet = 4887 satoshi
Bet size increases 100% on loss
Bet size decreases to base bet on win

This shouldn't work, but I am just curious how soon I will see a 11-loss streak.

[ndnh]

Everybody will be using the same server seed and client seed.

Sure, I can easily win this.  
I can even make the win around 100BTC using a custom strategy made using already known rolls.

Pity I don't know coding.   Could someone team up with me? What is the prize?

I don't think he will announce the client seed and server seed beforehand lol.

On the other hand, the contest could be made fair, by setting a specific contest ending time and using the first block reward's txid after that time as the seeds.

lol, yeah I thought so. Still it wasn't clear from the original OP.
What is the challenge prize?

Edit: got it. Knowledge of a system that works.

[techgeek]

so are we using our own balance on pd? then posting it on here?

[rfisher1968]

You just post your strategy and I will simulate your strategy with a starting balance of 0.05 btc using the server seed and client seed described in the first post.

so are we using our own balance on pd? then posting it on here?

[Omikifuse]

with 1M bets I guess only the 0 bet bot will win.

You know, variance too small in 1M bet.

Anyway I will suggest another: 1 satoshi bet, 9900x payout, forever.

[rfisher1968]

I'll post my strategy right before the deadline.

[michinzx]

technically any set of settings you use could both work for 1 million+ bets or lose instantly, itll be different every time because its gambling. I have numerous autobet settings that have lasted through a week running constantly and have failed within 20 minutes.

[btcminer021]

Interesting to see everyone's thoughts. Is anyone actually using any of these with (some) success?

Also, why change the bet on win/lose? Aren't the odds the same each roll?

[elephantas1]

Interesting to see everyone's thoughts. Is anyone actually using any of these with (some) success?

Also, why change the bet on win/lose? Aren't the odds the same each roll?

yeah but some people believe that it somehow influences the odds even though it doesnt

[Omikifuse]

Interesting to see everyone's thoughts. Is anyone actually using any of these with (some) success?

Also, why change the bet on win/lose? Aren't the odds the same each roll?

yeah but some people believe that it somehow influences the odds even though it doesnt

if you are luck enough to get above average wins at 9900x payout then you can might get decent returns. Variance is higher, so more chance of getting more.

Also maybe more than 1 satoshi/bet would be better.

[Twipple]

Also, why change the bet on win/lose? Aren't the odds the same each roll?

Yes but changing win/lose amount allows to make profit and cover up previous losses.

[rfisher1968]

Well since the result of each bet is based on a equation where the only difference is the nonce, I would say the previous bet does influence the next bet. Also have anyone ever looked at the distribution of numbers of 1 million bets, there pretty close if you group them by 10s.

Interesting to see everyone's thoughts. Is anyone actually using any of these with (some) success?

Also, why change the bet on win/lose? Aren't the odds the same each roll?

yeah but some people believe that it somehow influences the odds even though it doesnt

[Exmortem]

I have alot of bet strategies. Can I only post one? Or can I post multiple?

[lexuz]

Bot for dice site?

[Omikifuse]

by the way, how can you simulate bets without betting?

[rfisher1968]

Using the algorithm on https://primedice.com/verify and using the server seed & client seed and a little bit of code. I'll be using PHP since the example is written in PHP.

by the way, how can you simulate bets without betting?

[rfisher1968]

I would say yes. Once there is a winner, the strategy can be turned into a betting bot.

Bot for dice site?

[gizane]

I have alot of bet strategies. Can I only post one? Or can I post multiple?

 I need a lot of advice
Share some for me please
 

[Chemistry1988]

I would say yes. Once there is a winner, the strategy can be turned into a betting bot.

Bot for dice site?

The bot users should bear in mind that the winning strategy works great on that particular client and server seed only, but it may fail miserably with another seed pair.

[elephantas1]

I have alot of bet strategies. Can I only post one? Or can I post multiple?

you can post all you have but i can bet that theres no unloosing strategy in your list

[jeffthebaker]

Multiplier = 9900x
base bet = 1 satoshi
after 2,500 losses double bet
after win return to base

[B4RF]

When will the results be announced?

[havecoch]

When will the results be announced?

The time limit for this is already over
"
The time limit on the contest is 2015-02-18 1pm GMT"

Not sure who is the winner though

[baumi]

by the way, how can you simulate bets without betting?

Try CoinXerox Dice with support of bot scripting (and Play Money as a currency). You can create your own betting strategy straight in web browser. Or try out the predefined ones (Martingale, Labouchère, Reverse Labouchère, Fibonacci). Personally in this challenge, I would bet on Fibonacci or Reverse Labouchère. These ones should survive the longest time.

See CoinXerox Dice thread: https://bitcointalk.org/index.php?topic=911761.0

[XinXan]

Is this still alive?

[Coinyy]

TRY THIS, base amount 100satoshi. PAYOUT 100X. On LOSS increase 2%. ON win go back to base. If you are lucky not to go bust in first rounds, you could make very big amount especially if you are lucky to catch WIN in the last round before BUST when bet size is the biggest.

The more conservative play also could be this, almost the same, just change PAYOUT to about 125-150x, Increase on loss 1%. I dont know if payout is correct here, wasnt calculating and dont know if you always get profit when hit, but I think you should.

[XinXan]

TRY THIS, base amount 100satoshi. PAYOUT 100X. On LOSS increase 2%. ON win go back to base. If you are lucky not to go bust in first rounds, you could make very big amount especially if you are lucky to catch WIN in the last round before BUST when bet size is the biggest.

The more conservative play also could be this, almost the same, just change PAYOUT to about 125-150x, Increase on loss 1%. I dont know if payout is correct here, wasnt calculating and dont know if you always get profit when hit, but I think you should.

Dude this is dead, OP hasnt been answering

[boopy265420]

When will be announced the next contest ? After the announcement of results from first contest this is what is guess.