Hence, with a $100 bet on Stake one would profit around $1 even though the fair payout would be around $2, which is an effective commission of 50%. The "Stake-formula" returns a multiplier of 1.0102, while the "fair-formula" returns 1.0204. In this case, we use x = 98 since we have a 98% winning chance. The reason why this stake dice strategy is so bad, can be visualized by using the 3 formulas defined above:
Bet Amount: 1/1000 or 1/100 of your balance.This Stake dice strategy may look like this: Yet, this dice strategy is mathematically the worst possible dice strategy with an effective house edge of 50%, which can be seen at the function plot shown above. The low risk dice strategy is one of the most frequently chosen dice auto bet strategies on Stake when it comes to wagering. Additionally, we are going to uncover the worst strategies that you should avoid afterwards as well. Hence, we will look at a few good dice auto-bet strategies with a dice winning chance between 0.1%-60% or slightly above, that perform pretty well and are not all too volatile. This is the reason why you cannot bet on over 98%, because Stake's formula would fall apart to the point where you would win very low or even negative money amounts, which obviously makes no sense.īased on the function, one one can see that Stake's claim of a 1% house edge on the dice game is false, because Stake applies their house edge to the winning multiplier and not to the profit, which means that in the worst case (98% winning chance) Stake takes up to 50% of your total profit.Ī Stake dice strategy that maximizes profit, must be one with a relatively low dice winning chance (roughly 0.01%-60%), since only then Stakes static 1% house edge doesn't take effect that much as with higher winning multipliers.įrom a statistical perspective, a dice strategy with a 0.01% win chance would have the highest chances for profit as seen in the function plot above, but would be too volatile and would most likely need millions of bets to show any effect. On the other hand, a fair game with 0 house edge would follow this function for the calculation of the multiplier: X = displayed winning chance, e.g 90% => x=90 In order to apply this 1% house edge, Stake uses this formula that reduces the winning multiplier by 1%: On the Stake casino, there is a static 1% house edge applied to all bets. In order to calculate which dice strategy can be considered the best one, one has to take into account, how the house edge of the casino is applied to the gambling odds. Note: Even though the Stake casino's Dice game was chosen for this article, the same mathematics and thus strategies apply to the Dice games of many other casinos that apply a static house edge to their games. In the following, we will look at the maths behind the "best dice strategy" compare both famous as well as unknown dice strategies, and see why the most intuitive ones actually may result in the worst statistical profit potential. Since casinos such as Stake apply a static house edge on their games, it is possible to compose certain dice strategies that mathematically maximize the casinos house edge, as well as such that minimize it, which should be the goal of every player. Stake Dice strategies and gambling strategies in general may be quite useful when serving a certain purpose, such as wagering or maximizing the potential profit considering a casinos house edge. Best Stake Dice Strategies compared for 2021
0 kommentar(er)
