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Reduce house edge - High multi low bet/ low multi high bet?


concertrate

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Posted

What is your strategy on this and your thoughts?

 

I toy with this all the time, but have never actually made any real conclusion. I always get the "gambler fever" and start going bigger and bigger if I feel like i'm on a streak and end up losing it all...

 

Like on mines I go for 50x+ most of the time, but on dice I go 2x because I'm scared I think. So I think on certaingames I feel like there is skill and then more willing to go for higher multi plier because I feel like I can outsmart the algo... this is ironic because I always say that the odds favour the house. But any tips to minimize the house edge? 

Posted

Well hey on the bright side, that does work eventually and will leave you with a nice big win! But yeah i think its best to start seriously betting after hitting a lot of reds. but i believe its all fallacies. 

Posted

You can try minimize the house edge by prerolling, although this can be extremely frustrating when you hit the multiplier during the prerolls, and then when you start betting with your actual balance, you can't seem to hit the multiplier. Mostly it works, but be careful with it :)

Posted

Probably the 100th time this has been asked... 

I go by high bets low multiplier if I got the bankroll. Not sure why, but it gives me more of a thrill and kick than playing with small bets and waiting ages for a win. 

Posted
12 minutes ago, Snike said:

Probably the 100th time this has been asked... 

I go by high bets low multiplier if I got the bankroll. Not sure why, but it gives me more of a thrill and kick than playing with small bets and waiting ages for a win. 

Yeah waiting ages can get tiring and can ruin the fun. The most ideal would probably be having a mix of both. 

Posted
7 hours ago, blueprints said:

Yeah waiting ages can get tiring and can ruin the fun. The most ideal would probably be having a mix of both. 

A medium sized bet with a medium sized multiplier like a 10k sats bet on a 5x multiplier would be fun too and isnt "too hard" to hit tbh! I get what youre saying :)

Posted
2 hours ago, Snike said:

A medium sized bet with a medium sized multiplier like a 10k sats bet on a 5x multiplier would be fun too and isnt "too hard" to hit tbh! I get what youre saying :)

Theres a site that has its minimum credits, 1 credit = .0001 btc. At first i was like wow this place is expensive but then i realized how much of a thrill it gave every game i played. I would agree .0001 btc on 5x is a nice medium for profiting and for fun with.

Posted

I prefer to play a high bet with a high multiplier with pre rolls of course for peace of mind. Pre-rolls give you a false sense of control which is comforting lol. You can't expect to win big if you don't risk big. If you lose at least you know you lost with the chance of winning big, rather than doing an all in on a 1.10x payout and losing, then you'd just be salty and kicking yourself.

  • 2 weeks later...
Posted

Sorry @Snike I'm new here and there are so many posts I don't know where to look.

 

I always start with a level head and my preference is low wager high multi, but then when I build, I get greedy and then do stupid things. I have had many occasions when I have won big only to chase more and then bust!

I guess I need to get my self control in check a bit lol

 

What are pre-rolls? @williamshennie9

Agree with frustration of the loss on low multis @hillowner45

@blueprints  I am finding some balance on medium and medium with the odd bump to high stake and medium multi

Thanks peeps

Posted
35 minutes ago, concertrate said:

Sorry @Snike I'm new here and there are so many posts I don't know where to look.

 

I always start with a level head and my preference is low wager high multi, but then when I build, I get greedy and then do stupid things. I have had many occasions when I have won big only to chase more and then bust!

I guess I need to get my self control in check a bit lol

 

What are pre-rolls? @williamshennie9

Agree with frustration of the loss on low multis @hillowner45

@blueprints  I am finding some balance on medium and medium with the odd bump to high stake and medium multi

Thanks peeps

Pre-rolls = waiting to hit that huge red loss streak with 0 bet before betting seriously, because of the belief that "oh I've hit so many reds next ones are bound to be green". This is just gambler's fallacy, since every bet is a different chance altogether, although I have indeed observed if you stay on one client/server seed for awhile it is kind of like that. For example if you want to hit 100x on dice, you'd preroll 100ish times so your chance of hitting the next 100x would be in the (hopefully) next 50ish rolls instead of in the 150 rolls if you started actually betting from the very start. 

OP though, house edge is the same regardless if you bet small or big. You'd only be able to manipulate it by raising bets over and over when losing, but that'd only become your downfall if you hit that impossibly high red loss streak with huge bets, in which case the house edge actually increased compared to your starting small bets. Just deal with the fact that Stake/a casino will always have the advantage over you and know/learn when to stop and withdraw because over time you will ALWAYS lose.

P.S. try the search bar on the top right corner of the forum website, or scroll down to Stake games and choose one that you are intending on playing, and see what strategies other players have posted there. Keep it mind most of them will not work unless you tweak it since the more a strategy gets tested the less often it'll work. Instead of asking everyone here make up your own unique strategy and test it with Doge.

Posted
10 minutes ago, irawk0 said:

Pre-rolls (...) This is just gambler's fallacy, since every bet is a different chance altogether, although I have indeed observed if you stay on one client/server seed for awhile it is kind of like that.

Technically speaking, it is gamblers' fallacy when the game is real.

Current computers use pseudo-random algorithms, and the only way to make them really random may be using quantum computers.

Posted
30 minutes ago, irawk0 said:

Pre-rolls = waiting to hit that huge red loss streak with 0 bet before betting seriously, because of the belief that "oh I've hit so many reds next ones are bound to be green". This is just gambler's fallacy, since every bet is a different chance altogether, although I have indeed observed if you stay on one client/server seed for awhile it is kind of like that. For example if you want to hit 100x on dice, you'd preroll 100ish times so your chance of hitting the next 100x would be in the (hopefully) next 50ish rolls instead of in the 150 rolls if you started actually betting from the very start. 

OP though, house edge is the same regardless if you bet small or big. You'd only be able to manipulate it by raising bets over and over when losing, but that'd only become your downfall if you hit that impossibly high red loss streak with huge bets, in which case the house edge actually increased compared to your starting small bets. Just deal with the fact that Stake/a casino will always have the advantage over you and know/learn when to stop and withdraw because over time you will ALWAYS lose.

P.S. try the search bar on the top right corner of the forum website, or scroll down to Stake games and choose one that you are intending on playing, and see what strategies other players have posted there. Keep it mind most of them will not work unless you tweak it since the more a strategy gets tested the less often it'll work. Instead of asking everyone here make up your own unique strategy and test it with Doge.

Great advice! Yip I accept that this is a casino and always find it funny how people complain that the casino is rigged. When in fact it is a consequence of the house edge!

19 minutes ago, Xylber said:

Technically speaking, it is gamblers' fallacy when the game is real.

Current computers use pseudo-random algorithms, and the only way to make them really random may be using quantum computers.

Ya  I feel like Stake changes the algo when you change your betting pattern... Just my conspiracy theory lool

Posted
15 hours ago, concertrate said:

What are pre-rolls? @williamshennie9

They are basically just placing zero bets (bets made with 0 satoshis) in order to increase the nonce to hopefully hit the desired outcome. It doesn't always work, but can come in very handy when hunting extremely large payouts.

PS Thanks for explaining this irawk0, I only saw your comment after I hit post.

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