Usually when you play at dice games a random number is generated. Let's suppose the website generates a number from 1 to 100 and you're playing with 50% win chance.
Generated number: 34
If you bet "high", you will win the bet if the generated number is above 50. If you bet "low", you will win the bet if the generated number is under 50.
So in this case, you would win the bet if you choose "low", because the generated number is less than 50.
Nope you are wrong on this. In gambling game there is no 50% chance of winning because there is always houseedege which means if you do 2x multiplier with 1% house edge you will bet 50.5 for high and 49.5 for low. This is what i know, so it doesnt mean 2 times thar next one you will win because sometimes you will get the number between 49.5 and 50.5