Post
Topic
Board Gambling
Re: Primedice | The Most Popular Bitcoin Game | 1% Edge | Active Chat | Free BTC
by
mindrust
on 16/12/2014, 17:00:53 UTC

I don't think you'll lose if you roll only 50 or 100 times.
Of course it depends on your bankroll, but I think someone playing martingale should be able to cover 10 losses. The chance of that happening is 1 in 1024.

I do agree with you that you will lose eventually. I just think it's not likely to happen within 50 or 100 rolls.

The chance of happening 10 loses in a row is a lot more common than 1/1024. I don't know how you get that number but do you realize that every single bet is independent from each other? It seems you don't, like %90 of matingale users.That means you cant exactly predict the time of that +10 losing serie(s). You may get 10+ loses in your first session. than bam. you re out.

Of course it can happen in the first session, but it might as well happen in the 2000th session.
Yes, I do kno w each roll is independent. That's how I calculated the chance of 1/1048 of losing in a single session.
Assuming you have a 50% chance, 10 losses in a row will be the chance of 0.5^10=1/1024

So if you would try unlimited times, on average you'll lose 10 times in a row after 1024 times.

Please prove me where I'm wrong.

I assure you, it will happen way before the 2000th game:) I am the voice of experience.

You are wrong because, you broke the law of Murphy. This is his world and in his world, majority always lose. If you think you are "the one" thats another story.