Re: Just-Dice.com : Invest in 1% House Edge Dice Game

The time to quit gambling is before you start.

I disagree, but oh well, I have gambled before, so I guess that is the gambler speaking.

Gambling is a negative EV activity. Therefore the highest EV is 0 with 0 wagered.
This unless you call Poker gambling like some people seem to do. Then it will totally depend on your skill and emotional stability.

Well, I have made quite a lot playing Roulette. I always withdraw my initial deposit as soon as I win something. That way I won't lose it. Also I withdraw a part of my winnings every time I hit a certain threshold, plus I stop playing when I hit a streak or lose twice.
Because of all those things I have made quite a buck, but most people just crack and try to get their losses back, which result in more losses.

I don't want to be mean, but pure luck is why made quite a buck

(enjoy it though)

Must be a shitload of luck then, because I have been doing this for months. Oh well Roll Eyes

You're just underestimating volatility (don't worry, almost everyone does). It's impossible to turn a series of -EV bets into a +EV bet by arranging them in any order or sizing them in any way.

eventually he will learn that you´re right the "hard way"

an entire city in the desert was built on this small house edge ...