Dice Strategies to win BitcoinOne of the most popular Bitcoin casino games is Dice. Dice is one of the simplest gambling games offered that is provably fair. Gamers oftentimes prefer Dice as it allows players to manually control the risk/reward and usually boasts a low house edge. Having the option to choose the range of numbers you predict the dice to roll within gives the players an enhanced level of control.
Tips and tricks when playing DiceListed below are some of the common strategies that are commonly used by players when playing Dice online. Some methods are simpler than others and can range between novice, intermediate, and expert. The methods below are simple to understand and can be adjusted to meet your own level of risk you are comfortable with.
Martingale - This is one the simplest strategies. You start with a specified base bet amount. When you win, you go back to your original wager and when you lose you have double your bet. Even if you lose multiple times in a row, eventually you will win and can return back to your base bet with a profit. This is considered a fool proof method for beginners that will eventually allow you to return to your original wager and can help you win. The only disadvantage is that there is a chance that you lose continuously incurring an exponential increase to your bet. Committing to a Martingale strategy sometimes requires the player to risk high amounts in a single bet.
Reverse Martingale (Paroli) - Like the name suggests, this is just the opposite of a Martingale strategy. When you win, you double your bet, and when you lose you return to your base amount. Those that use this method typically choose a cap on the number of successive wins before returning to their base bet amount.
Staking Plan - This is a method where you always bet the same amount. If you follow this strategy long enough, your results should line up with the house edge. This is considered a safer option as you know your long-term yields and you should not suffer any overwhelming losses.
Other less common, yet simple options are provided below. However, the three most popular strategies used at online Casinos are highlighted above.
One viable strategy is you continuously bet your bankroll on 95% percent odds of winning until it has been doubled, then you stop playing. This may sound easy, but if you happen to lose, there is no way of recovering your losses.
Another method that will help you walk away with a profit involves staking 1% of your bankroll on 1% odds 50 times. If you win, you will come away with a decent profit. If you lose, you have the option of repeating the strategy with the remaining 50% of you bankroll to recover your funds.
Despite a variety of available strategies, many players rely on a progressive wagering system. This is often an attractive option and can lead to the notion of easy winning. However, whether by the book or by the above mentioned, there is no strategy that does not have faults. Each has its strengths and weaknesses. The key is to never bet more than you are willing to lose. That being said, don’t always expect to lose either. Lady Luck can be on your side and you can finish with a significant amount of additional Bitcoin!
Bottom-line, you will need to understand the game well before you consider playing seriously. So, the first step is to learn and play the game. The next step is to understand probability as this will keep you from guessing and taking unnecessary risk.
Try to play it safe with the strategies provided or experiment with different methods. Play around with the probability and statistics of your own personal strategy as this will help you understand the risk/reward dynamics of your playstyle. Ultimately though, have fun!