Post
Topic
Board Service Discussion
Re: Satoshi Dice -- Statistical Analysis
by
payb.tc
on 16/05/2012, 05:41:57 UTC
i see that you have a maximum bet per address, but aren't you still susceptible to a http://en.wikipedia.org/wiki/Martingale_%28betting_system%29 martingale betting system?
since you have static 1dice addresses, you could get wiped out pretty quickly by an automated program

Martingale has negative expectation so it's the users who are susceptible to it, not the site.

(Casinos avoid it because its procedurally disruptive, and rapidly ruins customers they're rather milk, not because it makes the games net positive for the players)

satoshidice has a very wide dynamic range... doing the standard 2x martingale, it allows up to 17 losses in a row... you won't get anywhere near that at a regular casino... more like 4 or 5 in a row.

the key to reducing martingale risk (for the house) is bringing the min/max closer together.