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?
I ever been lost twice a streak by setting the chance to win 90% so the chance of losing streak remains. I think the way it was not worth besides it does not deny losing streak but it also profit is not compatible with the capital loss when you lose.