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Dice Betting Games

Dice Betting Games

May 12 2021

Dice Betting Games

Forms of dice have been popular in many cultures, with cubical, 6-sided dice having been found in China around 600 B.C. Originally used for divination, dice were soon used for various games, including games of chance. While the best known game of chance with dice may be craps, in both its casino and street forms, other gambling games that use a. The dice games in the list here, all revolve around gambling with stakes.Remember, you don't have to gamble with hard cash, you could use matchsticks, chocolates or counters and just enjoy rolling the dice. Don’t wait any longer and test this game now – I guarantee that you will have a great time. Check out the greed dice game rules here! Pig- The Dice Game. Just like the game 10,000, Pig is a fun dice game in which you need to push your luck. You often need to make the decision to risk the points from a roll in order to try and get a. Bitcoin dice game established 2013. Lowest house edge. Instant deposits & withdrawals. Enhanced privacy. Register instantly & gamble Bitcoin alongside 130 other cryptocurrencies.

Nitrogen (review) dice game has an accumulating jackpot which is won by rolling an unlikely series of numbers. Once the jackpot gets big enough it becomes profitable to play for it, because the amount of the jackpot is more than the amount you expect to lose from playing enough to win it.

Positive expected value

In gambling expected value is the amount you can expect to win or lose from a bet on average, given the risk, the mathematical probability of winning and the payout.

If you are betting on the flip of a coin where you win ฿2 if you win and you lose ฿1 if you lose you expect to win ฿2 half the time and lose -฿1 the other half of the time. So on average you expect to win ฿0.5 per flip.

You could still lose on an individual flip, you could still lose 10 flips in a row. But it’s a good bet to make anyway because the odds are in your favor, you have an edge. The bet has positive expected value.

Nitrogen’s jackpot


Nitrogen’s jackpot is won by rolling a number with a 7 in it 12 times in a row (sometimes it’s 11 or 13). In the long run you will make money by betting when the jackpot is over ฿3.654 because you can expect to lose ฿3.654 trying to win it.

To work this out we need to know how many bets you need to make until you can expect to win the jackpot and how much money you expect to lose by making that many bets. So let’s look at the rules for winning the jackpot.

  • Roll a number with a 7 in it 12 times in a row. The 7 can be any of the 4 numbers in your roll such as 70.00, 07.00, 00.70 or 00.07
  • Each bet has to be for at least ฿0.001

You can see the full rules, terms and conditions here. As we figured out in this Bitcointalk Forum thread here is how we work out the chance of rolling a number with a 7 in it

This tells us you have a 34.39% chance of rolling a number with a 7 in it. Next we work out how many times you have to roll to expect 12 consecutive numbers with a 7 in them

This tells us you expect to hit the jackpot once in every 365,438 rolls.

The house has a 1% edge so for every ฿0.001 bet you expect to lose ฿0.00001. Next we multiply the amount of rolls by the expected cost per roll

This tells us it costs ฿3.65438 to roll enough times that you can expect to hit the jackpot. As such any time the jackpot is more than ฿3.65438 you should be rolling until it is hit. The succinct calculation is

Sometimes Nitrogen set the jackpot at 11 7s or 13 7s instead of 12, but all else remains equal so the calculation becomes

So if the jackpot is set to require 11 rolls containing a 7 it will be profitable to bet after the jackpot reaches ฿1.257. For 13 rolls containing a 7 it will be profitable to bet after the jackpot reaches ฿10.626.

How to best take advantage of this

The most optimal way to bet in this situation is to use Nitrogen’s auto roll betting bot that allows you to set the bet amount at ฿0.001 and roll continuously until someone hits the jackpot.

If you find it more fun to bet manually or if you want to try different betting strategies be aware that any bets made for an amount other than 0.001 reduce your edge. Bets under ฿0.001 do not qualify. Bets over ฿0.001 increase the amount you expect to lose (your expected loss is always 1% of the bet) without making you any more likely to win the jackpot than a ฿0.001 bet would.

The settings indicated in the below screenshot of Nitrogen’s dice interface are highly recommended for optimal positive expectation betting.

  1. Make sure the jackpot is big enough.
  2. Set bet amount to ฿0.001.
  3. Set payout of 2.
  4. Do not limit the number of rolls.
  5. On win return to base bet.
  6. On loss return to base bet.
  7. Stop rolling if you win the jackpot.
  8. Stop rolling if someone else wins the jackpot.
  9. Disable animation because it slows the rolls.

On average you will only be losing 1% of turnover until you hit the jackpot. Sign up via our referral link to get entry into our exclusive bitcoin poker freeroll every week!

Get notified every time the jackpot is big enough

We have set up alerts when there are opportunities to gamble crypto with the odds in your favor. Currently there are 4 different alerts which give you a positive expectation of long term profit. The Nitrogen dice jackpot is one of them, the other 3 and the sign up form are here.

You can also get these alerts by following us on Twitter.

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***See more on DICE GAMBLING GAMES below***

Are you looking for some dice gambling games?

Do you want to check out the rules and how to set up a dice gambling game?

Are you looking for tips to increase your win and minimize your losses at these games?

If you are in the mood to win some and place some bets on your next game, dice gambling games can be fun. But if you have never played one before, don’t worry. Because in this article, you will find all the information you will need to properly play a dice gambling game.

We’re sharing easy step-by-step instructions for 5 different gambling games that you can play with dice. There’s also additional info such as the materials you may need, and tips on scoring and winning. Make sure to read our tips to increase your winning chances and reduce losses.

How are dice used for gambling?

  • Dice games are very often used as gambling games.
    • Dice
  • This is because, when you use dice as one of the main proponents of your game, there is naturally a lot that you are leaving to chance.
  • Dice games can often switch results and bring a turnabout between who is winning and who is losing.
  • This unknown factor,

    • TOP 5 Popular Dice Games for Gambling

    1. CRAPS

    You need

  • 5 dice
  • Game table
  • Money/chips

    • What makes it a good gambling game?

    Pass bets get you even money.

    Setting up

  • Player places a bet on the pass line.
    • Use

    Rules

  • The dice will go around the table from player to player in clockwise motion.
  • These players represent the shooter.
  • You get 5 dice and pick any 2.
  • The roll comes against the wall.
  • If the puck is in OFF position, it’s a come out roll.
  • For instance,
  • If a 2,3 or 12 come up, you pay money and have to start again.
  • Now again the dice are thrown at the wall.
  • Whatever number comes up is your point.
  • You take the puck and place it on 5 in an ON position.

    • 2. CHO-HAN BAKUCHI

    You need

  • 2 dice
  • Rolling cup
  • Money/chips
  • Signs for odd/even

    • What makes it a good gambling game?

    Reading the dice over a period of time can give an idea of probability.

    Setting up

    Decide who deals and who plays

    Rules

  • Dealer places dice in cup and places cup facedown.
  • Player guesses if the sum of rolled dice is even or odd.
  • For even, say Cho.
  • For odd, say Han.
  • Dealer removes the cup to reveal the dice.
  • You win or lose depending on the numbers on both the dice.

    • 3. SIC BO

    You need

  • Game table
  • Chips
  • Dice
  • Dice shaker
  • Bell

    • What makes it a good gambling game

    There are multiple chances of winning, from 1 dice to 3 dices.

    Setting up

    Decide who will be the dealer

    Rules

    Dice Betting Games Online

  • You have to place bets on the possible results that you feel will come from the three dice that are rolled.
  • The possible combinations that you can bet on will be laid out on the table.
  • These have different pay-outs.
  • The bottom of the table has single numbers, where you can place single bets.
  • You can also go for three-of-a-kind bets that are the highest pay-out.
  • After the bets have been placed, the dealer will motion that no more bets can be placed, and will then activate the dice shaker.
  • You will win depending on the results, whether or not it tallied with your prediction.

    • 4. POKER DICE

    You need

  • 5 poker dice
  • Dice cup
  • Dice tray(optional)
  • Pen paper for tracking score

    • What makes it a good gambling game?

    You can decide what to re-roll

    Setting up

  • Decide how many rounds you want to play.
  • Place poker dice in cup, shake and roll on the dice tray.

    • Rules

  • Each player gets one roll.
  • Once you roll out the dice, you can set aside some of the dice and choose to re-roll the remaining dice.
  • After each round, the player with the best hand gets a score.
  • The player who gets the best poker hand results at the end of the decided rounds will be the winner.

    • Values of poker dice:

    The six faces on the poker dice stimulate the top six markings of the playing card deck. These are:

  • Ace
  • King
  • Queen
  • Jack
  • 10
  • 9

    • The rankings are done based on the highest to the lowest.

    5. CROWN AND ANCHOR

    You need

  • The game set
  • 3 game-specific dice (these are like the regular dice but also have the four card suit symbols as well as a crown and an anchor)
  • Play mat
  • Coins/chips

    • What makes it a good gambling game?

    Choice of placing bets on symbols

    Setting up

    Decide who will be the banker

    Rules

  • Place coins/chips on play mat to bet on one or more symbols.
  • Banker rolls three dice.
  • For any symbol appearing once, banker pays even. For instance, if you bet on heart and 1 heart appears, you get 2.

    • 3 Tips For Winning Big At Dice Gambling Games

    1. Know your game:

  • When you know you are going to gamble in the game, do your homework before you actually play it.

    • How To Gamble With Dice

  • Read the instructions thoroughly, and if possible, do some mock games at home.

    • 2. Calculate odds and probability:

  • Don’t just rely on luck and roll and play randomly.
  • Observe each roll and see how the dice plays. This will help you get an idea of what to expect.

    • 3. Find out the possible combinations:

  • This can take some time, but be observant and understand the various combinations you can get with the various dice you have.
  • By learning the possible combinations that you can make, you can increase your chances of the game being more in your favour.

    • 3 Tips To Minimize Losses

    1. Don’t be greedy:

  • Gambling seems fun when you are on a winning roll.
  • But instead of feeling sure that you will win more, learn when to stop.

    • 2. Don’t place bets unless absolutely sure:

  • Other players may be placing higher bets, putting you under pressure to do the same.
  • But unless you really know your game, and know that the money you’re putting in won’t cause a problem, go conservative.

    • 3. Keep a gambling cut off:

  • No matter how easy you are with the finances, place a gambling cut-off on yourself even before you start playing.

    • List Of Dice Games

  • Tell yourself that this (X) is the highest amount you are ready to lose comfortably. In case you reach that limit, quit until next time.

    • There is no doubt that these games are fun and addictive, but at the same time, they can end up creating huge losses. Use your judgement properly and play only when you are absolutely sure of what you are doing.

    Dice Betting Games

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