Do you guys notice how besides the #2 player (godog) most of the players who wager the most BTC, don't make the most profit. Pretty crazy eh?
I would be nice to see a "Top Losers of the Week" and just wondering how those players are doing.
I remember a few years back, people would make like 50-100 BTC per day on Primedice, but I guess alot has changed.
What is crazy about that? I am pretty sure it is a possible thing to do, well I am not sure how he do it but I ever did exactly the same thing with him but because my balance is not thst big I do not have the chance to get huge profit but my wagered amount sure increasing fast. Btw there is no way they will put top losser of the week, because people will actually count on how much profit that they actually get or may be even can point something out from there that will harm owner as well
Dice site normally has 1 % house edge. That means you are losing 1 % of every amount you wagered. Given the current top 1 that wagered over 90 bitcoin, that mean he should be losing around 0.9 bitcoin. Thats why most of the top wagered are not on the top profit list, it is in the nature of gambling that gambler should be the one losing. The one winning alot is what we called as variance
Even when this is true, there must be a number that gives you the most chances to be on the top winners of the week (or over a certain ammount, for example, 10 BTC).
I mean, the variance and the house edge is the same for everybody, but the ammount changes: a player who bets 0.00000001 will find his/her way much harder than a guy who can bet 100 BTC. In simpler words, it is obvious that a person who play higher, will get higher prizes and a higher chances to be there.
If you are trying to be on the top wagered than it is much easier to start with higher bankroll however it doesnt even mean you are going to win. Variances is indeed a bitch in gambling, imagine that you are trying to win 1 btc at 1.01 odds with 100 btc wagered and ended up losing? But of course if you win, wagering with 100 btc and 0.00001 btc provide so much different return