Post
Topic
Board Gambling
Re: Good and relatively safe dice strategy?
by
arallmuus
on 15/07/2015, 18:26:54 UTC
the best way is to go all in bet, by doing that you will either win or loose

Totally wrong on this because it has been proven that going all in is not the best thing to do to get any profit (references below). Dooglus made a good calculation on the probability for you to win X amount by going all in or splitting up your bets into few smaller bets and turns out the probability is higher by splitting out into smaller bets

P.S : I cant find it , turns out harder than expected to dig through Dooglus' post

It has been proven many times that betting your entire balance on one bet is NOT the most efficient way to achieve any profit goal.

as there is no such thing as a reliable strategy if you want to earn so much

Turns out there is but it just that people tend to turn away from this and keep gambling on blindly while there is actually a way to gamble on smartly . Turns the edge lower by getting the advantages of promotions and such . Even much better is that you can turn it to be +EV



Really, with 10 btc you can buy a dice site completed, with scrypt, hosting ecc and for start you can accept investor

You dont need 10 BTC to start your own dice site if you use the following things below

Free script from Dan's Untitled Dice : https://bitcointalk.org/index.php?topic=1062680.0
Moneypot's API and its bankroll  ( 211 BTC currently ) : https://bitcointalk.org/index.php?topic=1020726.0

What you need next would be to get yourself a domain, couple of BTC and you can get a decent one from namecheap and that probably cost you less than $50