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?
Your chance of winning
does not increase at all when you hit a red streak of something. Instead it stays the same.
So based on that your method is already not working.
This is the famous gambler's fallacy. Gamblers tend to think that they are able to beat the house because after each loss their chance of winning rises. But that is mathematically not true because each event is independent of what happened before that.
But prerolls i think might be helpful because even though it does not change the rolls after it, you'll still save some satoshis that you may have bet on that particular losing bet because it is the exact same seeds.
Good luck!