Well the past few days I probably did spent way too much time trying to mine some dice games tokens. We have 4 dice games running on the steem blockchain and all now have their own token economy in place. Some even 2 tokens.

O man way too much!

When I did some calculation this morning, I was a little bit shocked how much steem I did wager in total. But luckily for me I did cam away with a profit.

In total I did wager a stunishing sum of 11917.6 Steem. With the curren value of $0.41 that is just below $5000. Woopsy daisy!
But luckily the income was bigger than the steem wagered with 12052.8 Steem. That makes an overal profit of 135 steem or $55.
Most dice games do have a house advantage of 2%, meaning that for each 100 steem wagered you should count on a loss of 2 steem. In the past week, lady luck was standing by my side. But I can't always count on her, or can I?

Tactics

Because I did spend a lot of time on the sites of the dice games, I did spot some remarkable tactics. One riskies than the other.
I have seen the following:

• doubling up each time a roll was won with the multiplier of 2. After 5 rounds start all over. After a loss start all over. I don't see how this tactic can turn into a profit.
  But maybe it is better than the next one.
• flat stake betting. Each roll the same bet with the same probability. This only can work if the pay-out is bigger than the betting size. So preferably you should go for the under 49 (or over 51 with MagicDice).
• Starting with a bet and after each won roll, putting the complete pay-out on the next roll with always the same probability. Most of these do start over when they doubled up the initial wager. When they run into a lost roll, they will just start over again!
• An advantage tactice of the previous one, which I cannot understand because it is way to risky for me. After a lost bet, they do wager 1 steem, the next bet regardless if the 1 steem bet has won or lost, they will bet the maximum allowed or needed to recover the initial starting wager! What about that. Very risky but if they are there to mine, an excellent tactic.
• The good old martingale. The games do love these. Because they always run into the limits of the dice game or their bankroll. In this case the potential profit is way too low to take so many risks!

My tactic

Most of the time I do start my intital bet with 5 or 10 steem, depending on the mood and my bankroll. Most of the time I do bet on a probability of 90% or more. So the odds are relative low!
After each won bet, I do wager the pay-out of the previous bet rounding down on 1 decimal. So if the payout was 5.228. the next bet would be 5.2.
When I doubled the initial stake I will start over again. When I do loose a bet, I will also start over again! If you can complete one cycle, the next cycle is for free. The dice games were there isn't a lot of traffic are very suitable for this tactic. Here I mostly wait untill somebody rolled above 95 before placing the next bet. This can take a while on some site :(
Will this isn't a guarantee for success, it helps with mining the tokens.

Steem-bet

Probably the dice game with the lowest traffic at the moment. But for each steem wagered you will get 50 SBTs. They are not paying a dividend yet, they will only start to do this when 30M SBTs are mined. At the moment, 65% of this 30M is mined. But with the current traffic it can take a while before they will payout the divs.
But the divs aren't lost. They are adding those up, so when the 30M SBT is reached, they will payout all the previous mounted dividends. For the moment I am entitled on a pay check of 40 steem. Each day around 1 steem is added to this.
They were planning to launch their roulette game this week, but a discovered bug is postponing this a little bit. The launch of the roulette game could increase the traffic, which I really hope. Better to do this right from the first place.

This is also the only dice game with a double token economy. They have the SBTs but also have SPTs (Steem-bet Platform token). The SPT can only be obtained via investing into the house. Next week the first investment round will open.

EpicDice

The amount of bets on EpicDice skyrocketed this week. This is probably due to the news that they will launch their own Steem-engine token.
Most of my bets where placed on EpicDice. They do have a weekly leaderboard where the top 10 of players with the most wagered steem can earn some extra Steem.
For the moment, they do have an early bird promotion where you will get 110 EPIC per steem wagered. This will decrease to 100 when the token is actually launched. But all stakes up untill then will get the EPIC tokens rewards. This is probably the reason that the traffic has increased.
I do have some worries about them being able to handle all the traffic. I have seen a lag of around 5 minutes between placing the bet and getting the pay-out.

Kryptogames Dice

Also here the traffic is increasing, but I do think that it is a little bit lower than on Epid Dice. Also here you will get 100 GAMERS tokens per steem wagered. Depending on the total amount of steem wagered you are in a membership club. For instance if you have wagered in total more than 2000 steem, you are in the Bronze club. This means that you will get 10% extra GAMERS per steem wagered.
This is the only token of all dice games which is already available on steem-engine. This is also the only dice game who has another game running. Besides dice, they also do offer BlackJack! When you do want to mine, it is best to play the dice game and only use the BlackJack game for fun!

MagicDice

The mother of all dice games on the steem blockchain. The traffic there is huge and easily is the double of all other dice games combined. Due to their daily leaderboard people do keep on playing the games. Because it is the dice game with the longest history, already 37.3% of all MAGIC tokens are mined. At the moment you will get only 25 MAGIC per steem wagered.
Still the total amount wagered per day is stunishing. More than 100K steem per day.
They already have paid out 221K steem as dividend. This explain why people are also mining on the other dice games.
Not only it is the mother of all other dice games, it still is also the best dice game around. Their feature which allows you to bet on the over or under is unique and something which the other games are missing!

Time will tell

if it is a good idea to mine on the other dice games. The Magicdice still pays me around 2 steem per week as dividend. Not to much but that is because I don't have many Magic. I do think that some people easily will have pay checks of around 20 to 50 steem per day! The average steem dividend that they do pay out per day is around 1K steem.
The question is what will happen to magic dice when the other dice games start to payout dividens. For both Epic and Kryptogames this will be within 3 to 4 weeks from now.
When they do start people will discover them and will start mining on those games!
So, I cannot answer my own question in the titte. Some of these maybe can become a real competitor of MagicDice, but nobody will know. It is the same like all crypto's do want to be the competitor of BTC!

For the moment, Epicdice will have the most of my attention!

We all have to make our decision if we are willing to risk the steem or not. Because it is a gamble. Not only to mine but also to risk your well earned and beloved steem. If you do want to try them out, make a plan and create a seperate bankroll!

Feel free to use one of the referral links below:
Magicdice: https://magic-dice.com/?ref=fullcoverbetting
EpicDice: https://epicdice.io/?ref=fullcoverbetting
Krpytogamers: https://kryptogamers.com/dice/?ref=fullcoverbetting
Steem-bet: https://steem-bet.com?ref=fullcoverbetting

Cheers,
Peter