Before I get into strategies I'll go over how Primedice works.
This is where you will spend most of your time on Primedice, besides the chat. This is where you can place your bets, all the way up to 20BTC and as low as 1 satoushi. The Payout can go all the way up to 9900x but the odds of you ever hitting that will be slim. As you select your Payout to the right of that it will show your win percentage. To the left you will see whether the roll is over or under. The win percentage can be directly subtracted from 100 to give the under/over roll number. The higher the win percentage the better chances you have of winning. Most online dice games are formulated this way.
To be successful on Primedice your betting strategy will have to incorporate a little of each one of the following betting systems. Take a little bit from each and use it to fit your balance on Primedice.
Don't forget you can use the faucet lists I have provided to collect free BTC from faucets to your FaucetBox account.
Martingale Betting System
So when most people do their bets in manual a lot use the martingale. This is where you double up on your losses until you win, never changing the bet payout or the over/under.Just double up on the loss. Almost everyone has their own style of betting but they almost always incorporate a little martingale in their system.Kelly Criterion
Wiki
This is a name you may or may not of heard of before, but this was a woman that developed a formula for determining the optimal size of your base bet in a series of bets. So you can use this formula to figure out what your base bet should be when incorporating in with some martingale etc.
Labouchère system
Wiki
"The user of such a strategy decides before playing how much money they want to win, and writes down a list of positive numbers that sum to the predetermined amount. With each bet, the player stakes an amount equal to the sum of the first and last numbers on the list. If only one number remains, that number is the amount of the stake. If bet is successful, the two amounts are removed from the list. If the bet is unsuccessful, the amount lost is appended to the end of the list. This process continues until either the list is completely crossed out, at which point the desired amount of money has been won, or until the player runs out of money to wager."Burrell, Brian. Merriam-Webster's Guide to Everyday Math. Merriam-Webster.
Gamblers Fallacy
Wiki
"The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period, it will happen more frequently in the future (presumably as a means of balancing nature). In situations where what is being observed is truly random (i.e.,independent trials of a random process), this belief, though appealing to the human mind, is false. This fallacy can arise in many practical situations although it is most strongly associated with gambling where such mistakes are common among players." Wikipedia
So after you've gone through all that, and it's a lot to take in. A lot of it talks about roulette etc but the same rules apply to Primedice as well. But you're probably wondering how does this apply to a dice game? Well since you're rolling between .01 and 100 you can tailor your strategy to your betting balance for manual bets, this information can even be used to run an auto-better successfully.
In my next post I'll be talking about how you can build strategies to fit your balance, in the mean time I'll be building some new pages with new faucet lists etc and information on other BTC gambling sites.
Wiki
"The user of such a strategy decides before playing how much money they want to win, and writes down a list of positive numbers that sum to the predetermined amount. With each bet, the player stakes an amount equal to the sum of the first and last numbers on the list. If only one number remains, that number is the amount of the stake. If bet is successful, the two amounts are removed from the list. If the bet is unsuccessful, the amount lost is appended to the end of the list. This process continues until either the list is completely crossed out, at which point the desired amount of money has been won, or until the player runs out of money to wager."Burrell, Brian. Merriam-Webster's Guide to Everyday Math. Merriam-Webster.
Gamblers Fallacy
Wiki
"The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period, it will happen more frequently in the future (presumably as a means of balancing nature). In situations where what is being observed is truly random (i.e.,independent trials of a random process), this belief, though appealing to the human mind, is false. This fallacy can arise in many practical situations although it is most strongly associated with gambling where such mistakes are common among players." Wikipedia
So after you've gone through all that, and it's a lot to take in. A lot of it talks about roulette etc but the same rules apply to Primedice as well. But you're probably wondering how does this apply to a dice game? Well since you're rolling between .01 and 100 you can tailor your strategy to your betting balance for manual bets, this information can even be used to run an auto-better successfully.
In my next post I'll be talking about how you can build strategies to fit your balance, in the mean time I'll be building some new pages with new faucet lists etc and information on other BTC gambling sites.
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