Re: This Is How You Can Earn Bitcoins From Dice Games

Isn't profitable long term, but could be fun, because there is much volatility and it takes some time.

Does Just-Dice provide a high frequency betting interface I didn't notice?

Any thoughts about a good exit-strategy?

After losing 582 simulated Bitcoin, the average number of bets was 156,764, the average longest bet run 27.24 and the average highest balance 6.26276818. The highest reached balance was 481.1572913... Cheesy

My ruleset:

Code:

Chance to win = 0.3
Payout = 3

Initial Balance = 1.00000000
Initial Betsize = 0.00000001

If Balance < Initial Betsize:
  Stop it, you're broke..

If Last Bet = Won:
  Next Betsize = Max(Initial Betsize, Initial Betsize * Balance)

If Last Bet = Lost:
  Next Betsize = Min(Balance, Betsize * 2)