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Going ALL IN = best strategy?


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Okay so, on average the house takes the % edge on the game you are playing of your total wagered.
E.g. Wagering $1000 on Dice should expect to loose $10 as the edge is 1%.

Therefore, looking at this mathmatically, to increase your chances of profitting, you should minimise your wagering, unless of course you are going to cash in big on the benefits that Stake offer for wagering. The best way to minimise wagering is to go all in on 1 bet.

Personally, I don't think going all in on 1 bet provides as much entertainment as playing normally. However, mathmatically, going all in seems to be the LEAST RISKY way of making profit. This is very opposite to how all in is normally percieved.

What do you think? Do you agree?

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Well I get what you're trying to say, since with the house edge you will always lose a certain amount. But going all in, what sort of strategy will you have? 

If you're playing a very small payout like 1.02x and looking for 1 round then I guess you can and even then you may lose. And this time when you lose, you essentially hit a 100% house edge xD Although that is not what the house edge is.

Also even if you do go all in, then what? You stop and leave the site? Because if not, its just the same thing - as your all-in becomes your base bet and you keep playing (just like how a high roller plays regularly). So I really don't see the point, and you will be busting even sooner than ever, and you wouldn't have even had fun :/ 

So personally would never ever do that. :) 

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Uhh so this is actually a pretty common thing I see in the math fields. I believe you are calculating the profitability of a WIN, but that assumes you win the bet. If you lose it doesn’t matter what you bet. 
 

I believe you are confusing math and probability (winning, what multiplier, ect) in order for your original statement to be true, you would have to account for both of those. And that would be very hard considering theres a different chance of winning, different payout multipliers and what not. :) 

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I wouldn't consider that a good strategy ok sometimes it works but sometimes not... My suggestion is play smart and calm with some small base bets so you won't bust easily :P

I've made from 10-20k upto millions so it's not hard 😜 For wagering there are many strategies playing Baccarat, Dice or Limbo and not by going ALL-IN, I've wagered like 1 ETH betting 500k ETH on Baccarat for like 5 mins, you can do this on dice or limbo too :)

Edited by Omerfrom02
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Going all in is never a good idea cuz if you win you will make lots of profit and feel good about yourself. But when you lose which is most of the time cuz if you win once you will most likely go all in again until you lose and you will lose all your money while doing so.

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I wouldn't say going all in is the best strategy, but I also get what you're saying.  Basically, the longer we play, the more likely the chance that the house edge catches up with us.  So in my opinion shorter sessions are a key to making good profit, but going all in surely isn't the best way to achieve that...

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So there is 2 ways. One is called RTP, or return to player percentage. Also house winning percentage. Almost similar but it is easy t ook at it from a different point of view .

For example.  You went all in with $1k. You lost = Stake up $1000 House=100%

I come in and wager for am hour or so at much smaller bets. If the RTP is 99% then after wagering $1k I should have lost $10, however since you fed the game I win on last roll!

Wagered $1k Profit=$500 Stake=+$500/59%

Next person comes along and they win as well! If you keep it up over a period of time you would see what their intake is and the percentage. It necessarily isn't the percentage of how much you will lose in a particular setting nor how difficult it would be. That's why in some casinos people will fight over a seat in slots. If you see someone there for an hour and has no hits. You can pretty much bank next person to sit at that machine has a better chance of winning more than precious person. I hope this helps!

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well as observe playing dice with 1.01x you can make all in after hitting the 99x however watch out for another 99x coz sometimes it comes consecutively, but the best strategy is stop when you make a good profit coz house edge will kill your balance in the long run :)  

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That`s my strategy when i keep winning in a certain game. I all in it and hope its green. Sometimes i win big but always bust when i keep doing all in style. So i like taking risk because at least there is a chance to win big from small balance. :) Because i am always afk in our channel then i received rain from random people i always all in them in HiLo when im close in minimum withdraw. I all in them again but it always bust hahahahaha. Instead that i already withdraw and some money. I lose all of it.

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9 hours ago, seanwattson said:

So there is 2 ways. One is called RTP, or return to player percentage. Also house winning percentage. Almost similar but it is easy t ook at it from a different point of view .

For example.  You went all in with $1k. You lost = Stake up $1000 House=100%

I come in and wager for am hour or so at much smaller bets. If the RTP is 99% then after wagering $1k I should have lost $10, however since you fed the game I win on last roll!

Wagered $1k Profit=$500 Stake=+$500/59%

Next person comes along and they win as well! If you keep it up over a period of time you would see what their intake is and the percentage. It necessarily isn't the percentage of how much you will lose in a particular setting nor how difficult it would be. That's why in some casinos people will fight over a seat in slots. If you see someone there for an hour and has no hits. You can pretty much bank next person to sit at that machine has a better chance of winning more than precious person. I hope this helps!

previous events do not affect future, in context of a casino game :) - "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 a given period, it will happen less frequently in the future (or vice versa)."

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I perfectly understand what you were trying to point out mate. 

Maybe, you were trying to site an example in a manner in which a gambler tends to lose the longer he stays betting. In short you can win big on set yet in the long run will lose it all if you don't know when to stop! 

Though, it works in some cases because everything all boils down to your own luck but for me I believer it is still very risky. You can go all in with 1.01x multplier. But I myself tried all in on Mines with 1 bomb. 1st attempt lost it all. Yes we can say you can set 98% win chance. Very big chance compared to 2% chance of losing but it doesn't necessarily mean that that 2% won't happen. Most of the time it does for some reason especially if you do all in. Sometimes I really feel raising your bet gets the odds work against you. But it is just based on my own observation. I have no idea how the algorithm of each casino works or calculated if it is. Strategically, I won't agree and notrecommend what you say. 

 

Cheers;

NiCOL3

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It totally depends on what you are trying to go for and how much you have in your balance. Let’s say that you have 10k Sats and your goal is 50k. In a situation like this, going all in on low risk game modes, will be a good idea in a scenario like this.

previously, I have relied on blackjack to increase my balance and that has been my biggest downfall. It’s definitely the game that I have all inned on a couple of times and it won’t happen again!

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