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RE: HOW TO NEVER LOSE ON MAGICDICE STEEM DAPP
Hate to say it trevon but at some point you will loose all your steem playing that method. I lost 13 times in a row and it got to the point where I was placing an 880 steem bet! I ended up loosing 1400 steem.
You're totally right.
It seems like a lot of risk for 1 Steem. You basically have to have a massive wallet to be able to always double it at a loss.
Here's what you put on the line if you lose 13 times:
1
2
4
8
16
32
64
128
256
512
1024
2048
4096
The thing people forget is that just because you lost the previous couple of times, that doesn't make it any more likely that you're going to win this time... you've still only got a 49% chance of winning. If you play 1000 times, if it is totally fair then you'll only win 490 times... which means you'll lose 510 times, and you can get any number of those in a row. If you won on the 13th roll, you would have bet 4096 but you'd actually only win 1 Steem because 4098 of that win is covering the losses from before.
I was actually betting on under 65 / over 35 and only starting with 0.1 so I was making quite a lot of money, fairly safely, but was risking all of it.
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