Post
Topic
Board Gambling
Re: I have a +EV method for a dice site,[CONFIRMED +EV is possible]
by
dooglus
on 04/07/2015, 15:01:23 UTC
I checked your account. The bets you are making seem to be -EV. Are you sure you didn't just get lucky?

(payout * chance = 99.99; less than 100 means it's -EV)

Take a bet: "< 0.015  @ 6666x"

There are two possible outcomes I win: 0.01 and 0.00. Both of which I hit (and got paid for). There are 10,000 possible outcomes. So I have a 1 in 5000 chance of winning. A 1 in 5000 chance of winning 6666x, seems pretty +EV for me


So which one of us fails at math?

Are you saying they added a decimal place to the target but not to the rolls themselves?

That's amazing! Smiley

< 0.015 is the same as < 0.02 when your rolls only have 2 decimal places.

So much fail in one place!