Quote from: Silberman on Today at 01:02:43 AM

Quote from: coolcoinz on December 30, 2022, 04:50:10 PM

Quote from: hopenotlate on December 25, 2022, 09:39:58 PM

I would definitely take that bet, and I doubt anyone with a bare minimum gambling knowledge wouldn't.
Regardiing the best size I would keep it the same size disregarding how much more I will be paid out, because It Is a single bet event.

Exactly. You can expect at least a 1 roll out of 6 to be your number, but with the x12 payout you can technically miss 10 times and still win money. Usually in every game of chance your odds are much lower and it's much harder to make a profit. Like in typical dice you have to score each time with a 50% chance to make money. If you score every second bet you still lose. Here you can score 1 out of 10 with 16,5% chance and make money - it's pretty good.

This simple scenario presented by the OP shows us how little many people know about probabilities, and there are studies which corroborate this, after all even if the odds of the dice landing on the number in which we placed our bet are still the same, once the payout doubles it is worth to always take the bet as you are now the one playing with an advantage, and yet there are many people that would not take that bet as anything below a 100% win rate seems to be too risky for them.

Are you really reading the scenario clearly before you post this opinion? I believe you and the other guy that you quoted for second the motion on there opinion are those guys that typically join a promotion without reading the ToS and later do a complain if they didnt win.

The chance of winning is only 16.67% on the bet with a 1 chance of rolling the dice only. This is a very low winning percentage for that payout because it just double the supposed to be payout for that hard to win bet. You guys is making an assumption that you can roll in unlimited amount without reading the rules provided by the OP.