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Proveably Fair on Dice


ByteMeTwice

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Posted

Hello,

I'm usually one of the first to kick off during a bad run of luck, though, (on reflection) When I analyse my play its usually approx 95% my fault & 5% just pure bad luck.

 

Had nothing to do today and a bit financially challenged so I decided to Have a closer look at Stake Dice 50/50

I ran a sample of around 70,000 spins at 50/50 & while it's not quite a big enough sample and my betting strategy might have been a bit on-orthodox, The results left me somewhat bemused.  You can make your own mind up.

hour 0-1  Played 50/50 @1satoshi

hour 1-2                           @2satoshi

hour 2-3                           @3satoshi

Etc, Etc until I played final hour (9-10) @10satoshi.

I played instant bet the entire 10 hours.

The RESULT For 10 hours was unfortunately a loss of 278 Satoshi or BTC 0.00000278

My Rakeback for this 10 hour period was 231 Satoshi.

 

I know the increase of 1 satoshi every hour makes the survey somewhat innacurate.

The result are interesting all the same

anyone any arguments for/against.  Remember I have not at any time suggested the results would be the same if re-run again ? 

Posted

Even on 50/50 dice has a 0,05% edge towards the casino.

Gambling is about getting a hit and run, playing 10 hours wont make you profit with any "strat" 🙂.
 

Casino's don't make money short-term, but they do long term. 

Posted
9 minutes ago, Fransman said:

Even on 50/50 dice has a 0,05% edge towards the casino.

Gambling is about getting a hit and run, playing 10 hours wont make you profit with any "strat" 🙂.
 

Casino's don't make money short-term, but they do long term. 

I know what yer saying Fransman.  I didn't run this to win anything or gain any profit.

I ran this just to pass time.

Win or loss was not a factor & (believe it or not)  70,000 spins is a very small sample in the scheme of things

Posted
4 hours ago, seanwattson said:

What strat could we conjure up with these stats? What info is really juicy here or am I missing it?

Not exactly aimed at strats & more about proveably fair using 50/50.

But I'm sure the mathematically minded could find a profitable strat from this..

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