Who has played 50-50 on dice

[Kariuki]

We all know in Mathematics, when we have probability , it means there is a chance.

when we have the game playing with a chance of getting 50 right and failing 50 , it gives you an oportunity to gain from it, is it posible that you can take a chance to gain from the 50% chance,

The idea of getting a profit from your side, how does that go, am trying to understand how to balance the two chances, if you stake 10 chances, then it means about 50% of them will be right, say 5 of them but what would be the best way to profit from them.

My question is, if you have ever tried the 50-50 on dice, how did it reward you, how did it treat you because I have been trying the lower one, which means am getting it right most of the time and the but the results or the rewards are very few, very small, if I vet say 10000 satoshis my reward would be 100 satoshis or even 10,  satoshis, am trying to get the dice right, because I know there are pro who really do it well.

And if not on the dice which other section or game do you love, that even when you lose, yous till go home happy , am looking forward to getting what you have to say kindly.

Thank you and God bless you

[Aiza824]

The house edge still plays on 50% chance of win because the payout is at 1.98x and not 2x. Even if you win exactly 50% of the time, you will still lose one whole bet. But of course, that doesn't how it work- sometimes the winning side goes to your favor (variance on the winning side is greater than the losing side) but you can be sure that if you continue doing this in the long run, even if tehbbariance is at your favor, LLN (math) would show that the future result will go inevitably close to 50%. Once that happens, that "one whole bet" will go beyond to the point that your balance can't handle it anymore.

Example: Let's say, you take an exact 50% rate of win after 100,000 rolls (that's how it supposed to be), if you multiply it by 1%, that would be equal to 1,000 rolls. Do you think that your balance would still survive after losing 1,000 bets?

[Ali saher]

When I start playing dice game then I play one year just 2x multiplayer but know I play 1.4x multiplayer but I change my bet amount after every 2,3 bets because this is very good strategy.

[Dp10011]

I started this way at the very beginning with a dice game.
Then that 2x payout was not profitable for me and I abandoned that style of play.
I never played 50/50 again, although I had more chances to win.

[TikTokGlobal]

On 4/18/2020 at 2:10 AM, Dp10011 said:

I started this way at the very beginning with a dice game.
Then that 2x payout was not profitable for me and I abandoned that style of play.
I never played 50/50 again, although I had more chances to win.

In general, players with 50/50 bets are new players on the dice after a while they will change their game

especially when they see a list of other players' bets on the board

 

[Aiza824]

On 4/18/2020 at 3:10 AM, Dp10011 said:

I started this way at the very beginning with a dice game.
Then that 2x payout was not profitable for me and I abandoned that style of play.
I never played 50/50 again, although I had more chances to win.

Getting the high-valued payouts would really give you the fastest way to try to get ahead of the game because you have many number of trials to attempt to reach your target. However, this does not necessarily correspond to the fact that low payouts (2x or less) have more chances of winning. Common intuition suggests that you would actually lose faster on it than using higher payouts even when using betting systems.

[BidaManEris]

Merging the thought to one of your posts you have made here, this payout (1.98x) is much better than playing your preference of 1.0102x (98%) even with wagering. Just make sure that if you are going to use this in long terms, you have huge bankroll because even the balance swing gets you closer to breaking even in the long run, consecutive losses in this payout would be much more often than the one you prefer.

[sahil777]

50% or 2x at dice is the most risky and hard way to earn money, it can be good and profitable for high rollers with huge backup amount, but its not good for people who have decent money in balance, its hell risky i think the better way to play is dice to go for hunt for big multipliers.

[StackGod]

50/50 is good but ultimately in a flat house edge game you are bound to lose money the more you wager, pretty much regardless of your payout. Therefore, the optimal strategy is to wager as little as possible in order to reach your target. (This also explains why Stake wants you to wager more, since you are bound to lose more money to them.)

[Killlm]

I used to take very few bets at first when I was playing dice, but when I became proficient in playing dice I gradually increased the amount of bets, I didn't always play 50 - 50 because it outweighs the profit, there are many who play like this,  I don't know how successful they are, I think gambling is a game of tricks and luck, so you have to gamble with different strategies, and if you have good luck you will benefit, best  of luck😊