cross-posted from: https://lemmygrad.ml/post/4352701

Beating the market

  • chickentendrils [any, comrade/them]
    ·
    7 months ago

    I saw a provably fair "dice role" lose 61 times in a row. The bet was high vs. low (>50.5,<49.5, "house edge" being 49.5-50.5).

    The gambler had been using the Martingale "strategy" (double the bet on loss) before the first ~10 losses, then reset to the smallest bet accepted (crazily at the time they were allowing 0.00000001 per bet, of a digital token worth 1200$ at the time). I just remember if they'd somehow been able to continue the Martingale thing, the final roll alone would've had a higher bet than the entire US national debt at the time.

      • barrbaric [he/him]
        ·
        7 months ago

        3 dice with a reroll, no way they could all be Attacker Down!

        💀💀💀 💀💀💀

    • keepcarrot [she/her]
      ·
      7 months ago

      I remember trying the martingale thing at a casino and it turns out there's an upper limit on bets at the place we were at. I lost my $5 that I committed to this experiment though