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.

[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?