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Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
dooglus
on 10/07/2013, 18:29:27 UTC
First and most important you NEED a dice game offering Satoshi or smaller bet size. Yes some sites offer smaller than Satoshi bets such as http://primedice.com/index.php?aff=70FDF79abe83 which has no minimum bet

Caution do NOT get greedy. These betting websites are setup to take your money not give you theirs.

I enjoyed that.  Thanks for posting it.  It should come with a warning that martingale betting is -EV and will bankrupt you if you use it long enough, but other than that I liked the presentation.


Just 2 things:

1) Are you sure primedice offers bets smaller than 1 satoshi (other than betting 0 of course)

2) The sites aren't set up to take your money.  They have a 1% house edge, so in the long run they will win, but 1% is small enough that it's not unlikely that you will be considerably up for long periods of time.  In the long run you lose 1% of everything you wager, but it the short term the house edge is quite insignificant.  Note also that if you don't like the 1% house edge being against you, you can invest in the house bankroll.  Then the 1% works in your favour.