Post
Topic
Board Gambling discussion
Re: How Truly Random is Random
by
IadixDev
on 17/12/2019, 14:15:56 UTC
The more monney you can bet, the higher are the chances to win.

If you play 1000 times 1 on the dice, you are still going to win a certain number of times, there are statistically good chances that you will be above at some point, all is too see how much can reasonably expect to gain with the 1000 rolls and stopping when it get close to that.

How much money do you have and how much are you betting on each roll? Let's say you have $1000 and bet $1 at a time, to make sure that you can last at least 1000 rolls. Statistically you will have lost $10 by the end of this game, assuming a typical 1% house edge - that's what you can reasonably expect.

Your chances to be "up" at any point during this game are not higher than the chances of winning any single bet, in fact they're getting lower because of the house edge slowly decreasing your bankroll.

If you bet more than $1 you'll be losing even more and increase your chances to go bankrupt before you reach 1000 rolls.

If you keep playing until you don't have any money then yes, it needs to stop playing when you have been more on a lucky streak than what can be expected, and there will still be certain chances to have 3 time a 1 in 6 rolls which will make you on a luck streak, and there are still probability that certain sequences will keep you above, but the chances of the same number happening again decrease exponentially after each time, but there will be always more 1 every 6 rolls at some point than others, and on the average it's the house edge.

If you consider that playing 1000 times will always cost you money with the house edge then why do you even play ? Smiley