So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?
No don't do it you could lose it if you get all in. In my experience in dice, my setting is always at 95% I had 4 consecutive losses in a row even In other dice sites. I would recommend that use 50/50 chance instead rather that getting all in but it's up to you mate. Good Luck
correct never do that yolo bets will only lead you to lose your bankroll whatever set up you use even that's already 92% chances the 8% can still lead you losing that particular attempt inside gambling there's no guarantee its all about luck but if you have a big nerve and you are risk taker with the money you can afford to lose why not, its up to you.