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Do you risked your entire amount on a single bet in this payout 1.01x?

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I've listened to stories, seeing friends and acquaintances playing on the 1.01x payout that gives 98.02% chance of victory. This payout allows you to win above 1.97 and below the number 98.02 ie any value below 1.97 even this will annihilate you and any amount over 98.02 including this will get you into a loss.

And analyzing this fact, I realize that I did not make this kind of mistake, put all the coins in a single bet and click the roll button says using the 1.01x payout. Well if you win a good winning streak this will be great but if this game you are betting everything on a single bet and comes by surprise already at the beginning or after the start a red rounding bet rolling and you bet everything a high amount then you're going to have a great job to recoup this loss and you'll spend hours and hours thinking, "Because I bet everything, because I did this or that, because I did not do that and so on ...". That if you do not cry depending on the loss, really this happens to people not experienced in the gambler world.

This is a common mistake, people believe that by playing on the 1.01x payout they will not lose, bet high and come that score of 0.xx or 99.xx and kills the player and all the dreams.

Remember the dice game is unforeseen, we never know the outcome that will come and putting everything in a single bet can be a great option if you win, but if you lose, you have finished all the money in a single move and if the loss is great , then it will be a great job to recoup that loss.

So, have you ever been through this type of situation, that is, have you used the 1.01x payout and bet all your money and lost in a single bet in this payout that has a great chance of winning? Have you risked your entire amount on a single bet in this payout 1.01x?

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Yeah, i were stupid and blackout drunk. This was back when faucet was 100 sats too. i had managed to turn 60k sats into 0.06 BTC and wanted to rain. I had a perfectly even 0.06 so I figured I would bet all of it on 1.05 to get like 30k sats to rain. Unlucky for drunk me I lost it all and that's where I stand today. Moral of the story, dont be drunk and dont be retarded.

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I never did that and i will not do it, i assume who bet all in on 1.01x is dump espcailly if he bet high, that is not worth to risk massive to get a small and few sats, i had chance to make many flames on 1.01x but i didnt cause if i lost for a flame with low reward, i will blame myself alot

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I've done it a few times during races when the prize payout is around 0.002-0.003 for a few rolls, so it comes with a pretty nice bonus. Don't think I've ever lost with it, that would be pretty unfortunate. 

Sure, it's probably not the smartest thing to do, but so is gambling itself. People can do whatever they like, and who am I to comment on their choices? That's the freedom of gambling, you can risk your money any way you please. 

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I did loss all my balance doing exactly what you describe in this topic, but it was a long time ago and thankfully I learned a few things since then. I have to say that 1.01 is the worst payout to lose, the tilt is much bigger since you are all confident that it is almost impossible to loose. Now I've only been playing above 2x payout.

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1 minute ago, allisonn said:

I've done it a few times during races when the prize payout is around 0.002-0.003 for a few rolls, so it comes with a pretty nice bonus. Don't think I've ever lost with it, that would be pretty unfortunate. 

Sure, it's probably not the smartest thing to do, but so is gambling itself. People can do whatever they like, and who am I to comment on their choices? That's the freedom of gambling, you can risk your money any way you please. 

Yeah, I too wouldn't recommend it and I agree that it's a good way to get your wagered up during races. I actually suspect that was part of the reason they added races, to make more people do such bets. Due to there being a house edge implemented, the more people wager the more money PD earns. It's actually pretty smart. Does anyone have any idea if this is the oficial reasoning or am I just being  3AM-paranoid?

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Indeed I majorly fucked up ones or... a couple of times... but somewhere back in between 2014-2015 when I new, complete noob to crypto gambling i lost approximately about 30 btc on an 98% roll. Was doing my roll and call it and by old habit I of course double clicked and lost on the 2nd one. 

 

just a not in a very long piece of red string.

 

GL HF guys!

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30 minutes ago, KalleBoi said:

Yeah, i were stupid and blackout drunk. This was back when faucet was 100 sats too. i had managed to turn 60k sats into 0.06 BTC and wanted to rain. I had a perfectly even 0.06 so I figured I would bet all of it on 1.05 to get like 30k sats to rain. Unlucky for drunk me I lost it all and that's where I stand today. Moral of the story, dont be drunk and dont be retarded.

Sad story with a tragic ending in the game. I do not drink for many years in my life, and if I drank I would never come to the casino, I think I would laugh too much and lose my coins quickly. I think I would be a comedy and a kind of joker.

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This method is really nice to get some profit in the long run you'd get bigger profits by it, but dont forget always dont be greedy cuz we dont know what will happen next. Always know when to stop to avoid massive loss. Goodluck on it bro 

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This strat can lead to some good profits if you play slow and steady.  As for an all in on it, from what I've seen, it ends in disaster quite a lot.  Personally, I do not see the logic in risking let's say $1000 in one shot to win $10.  If it happens to lose, you have to hit 100 wins on the same bet in a row to recover...

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I made a payout 1.01 strategy after I searched for payout 99 and if I hit 99, I allin at 1.01 to add a wager, I did it like that and stopped after 10x because I know the game dice is unexpected we can find 3x 99 therefore I will allin my balanc after rediscovering the double 99 number.

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betting on payout 1.01x is okay ... but there are times, such as finishing a weekly challenge, or taking a rollhunt (rh) ...
but with a very small base bet, ... even the lowest amount of the base bet.
if you bet with all the balances we have at payout 1.01x, it's called suicide ...

how could someone want to bet all the balance he has at payout 1.01x, if he gets the green line, the profit he gets is quite small, and what if he finds a red line ... then all that remains is regret

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On 09/07/2019 at 22:04, lampjaevel said:

Indeed I majorly fucked up ones or... a couple of times... but somewhere back in between 2014-2015 when I new, complete noob to crypto gambling i lost approximately about 30 btc on an 98% roll. Was doing my roll and call it and by old habit I of course double clicked and lost on the 2nd one. 

 

just a not in a very long piece of red string.

 

GL HF guys!

Incredible, this is the biggest loss in history I've ever heard of, 30 BTC! Sad to hear that. I do not think you'll ever forget that, and when you're 80 or 90 you'll be in a rocking chair telling this to your grandchildren, the chance you had of becoming a millionaire was one click. Best of luck to you in the next move! Thank you for your feedback!

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On 09/07/2019 at 21:58, HappyTree said:

I never did that and i will not do it, i assume who bet all in on 1.01x is dump espcailly if he bet high, that is not worth to risk massive to get a small and few sats, i had chance to make many flames on 1.01x but i didnt cause if i lost for a flame with low reward, i will blame myself alot

I already tried this and won most of the time I did, and when I lost, I was playing the roll hunt way to hit a specific number on one of the challenges. After I lost the bet, I changed the payout to 1.22x, played two bets in a row, recovered the amount I lost at bet 1.01x, and returned to the game of 1.01x and did it until I met the challenge.

I only play like this to hunt numbers, but never to make big crazy bets, I do not think this is worth risking, if I lose my friend, the eye fills with tears if the loss is great, or the sadness comes, and then, endure your mind telling you millions of plays and things you could have done with the money you lost.

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Ive done that risky bet in some stupid moments hahaha.. bust most of them all if i have to recover my loss... i do all in on that pay out :)

but these days i do it for races but unfortunately i ended in bust that pay out needs more bankroll lol...

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On 09/07/2019 at 21:59, allisonn said:

I've done it a few times during races when the prize payout is around 0.002-0.003 for a few rolls, so it comes with a pretty nice bonus. Don't think I've ever lost with it, that would be pretty unfortunate. 

Sure, it's probably not the smartest thing to do, but so is gambling itself. People can do whatever they like, and who am I to comment on their choices? That's the freedom of gambling, you can risk your money any way you please. 

Okay, I understood your position perfectly, but you yourself said that you never lost using this strategy, if you lose you'll think twice about it. If the loss is small, everything is fine and you can recover, but if the loss is big and playing like that, then the situation is already much more complicated. Thank you for your feedback.

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ok i get it.. i am dumb, i did lose at 1.01x all in but it was my first bet, i was going to race thought it would give me a head start, how can i lose a bet randomly placed, after who knows how many bets with only 2% chance of losing, and it did hit hard.

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On 17/07/2019 at 09:20, Han2x said:

I never do all in bet in just a single bet. It's so risky.  But I do all bet when I am in rage after having a long reds. 

hmmm ... this is where we have to control ourselves ... taming the passions ... the appetite to bet because it has suffered a lot of losses in bets ..

after all, if you try to roll the dice at payout 1.01 using all your balance, that doesn't guarantee that you will find the green line on your bet

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4 minutes ago, @zulfandina said:

after all, if you try to roll the dice at payout 1.01 using all your balance, that doesn't guarantee that you will find the green line on your bet

Absolutely. Although you got a higher chance of getting green but you still have chance of red. It's like hitting 99x in first role. 

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All-in at 1.01x ? Oh nooo 😁 I will not take that risk. I have never done it, and will not do it, because there is still about 2% chance of losing with this payout. By cons I can bet about 25% of my balance for fun...

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