DON'T PLAY MAGICDICE ๐ŸŽฒ

in #magicdice โ€ข 6 years ago (edited)

please? ๐Ÿ˜ผ

The magic is your money disappears.

Obviously.

A few rolls for fun, sure why not.

But if you continue, the math doesn't lie. You roll enough times and there's 0% chance that you win.

Every time you roll the dice, you're on average giving away 2 cents on every dollar.

There aren't strategies or ways to time it. The math doesn't have a memory for previous rolls and winning or losing streaks.

On average, gone gone gone 2 cents at a time, every single time you roll the dice.

oh okay mister sportsbetting man ๐Ÿ‘Œ right

ya ya ya ๐Ÿ˜ผ

I'm not trying to be all "do as I say, not as I do".

If you roll the dice a couple times on Sunday during a few months of the year, then that's cool.

The thing about dice is rolling once or twice usually isn't the point. That's not particularly satisfying (not in the same way one bet on one football game can be satisfying). So usually the point of playing is inherently that you're going to do it repetitively a bunch of times.

And that's where the issue is.

Indeed tho I'm not perfect or anything and am not claiming to be. (Hopefully that would only enhance my opinion here, since it shows I'm not a puritan with a knee jerk reaction against gambling or something.)

Obviously they have a right to offer the service.

Casinos are kind of questionable characters to me.

Still, of course they're not doing anything technically wrong, and I even consider that giving people this "outlet" might be better than whatever else they'd do to scratch the itch if it didn't exist.

If it's voluntary and between consenting adults, it's hard to ever really have a big problem with it.

But something about their presence on STEEM rubs me in a kind of sleazy way.

On here, often there's a sense of community and people are anxious to explore and support new projects.

(So it's like now people who weren't looking for it and wouldn't typically be the gambling type are drawn into it, out of their good nature for wanting to support STEEM and assume the best.)

And I notice them deliberately tugging at these strings too:

::barfs:: ๐Ÿคฎ

This is cute too:

Please don't buy their shitcoin, if they do this, lol.

So while they're perfectly allowed to create this game

We're all perfectly allowed to say what we think about it. And I encourage everyone to avoid playing it or supporting it, or to be lured by their referral program and start telling other people to play.

Personally I don't even see them as a worthwhile part of the community.

If you really want to play dice..

The 2% house edge on @magicdice is absurd, relative to industry standard and what you can find elsewhere. The standard for crypto dice sites is 1%, and some lower.

So just strictly no reason to use @magicdice, that I can see, even if you like dice.

And if you feel like it supports STEEM in a sense, I'd speculate the opposite.

It's encouraging money to flow away from authors and genuine users, and into a casino, who doesn't necessarily care about their STEEM tokens and is more likely to dump them on the market.

If anyone wants to build a STEEM dice bot with 0% house edge

You have my support. I'd probably contribute a little funding, and whatever advice you want.

There are probably ways to use upvoting in a way that keeps it sustainable or even profitable, and then is more in line with the ethos of STEEM, rather than pretending to be but actually a leech off of it, like @magicdice is.

Sort: ย 

Hahaha

Thanks to you, I can laugh out loud over this.

I'm definitely not playing the game, ever again.

And yes, a lot of folks that don't understand how gambling works are drawn into it simply because it's on Steem and uses Steemconnect.

The fact that one fan easily transfer funds from the Steem account makes it an addiction that's hard to stop (until the account empties out, that is)

Resteemed

Hahaha
Thanks to you, I can laugh out loud over this.

๐Ÿ˜† hahaa ,, I'm glad

pain-free recovery

And yes, a lot of folks that don't understand how gambling works are drawn into it simply because it's on Steem and uses Steemconnect.
The fact that one fan easily transfer funds from the Steem account makes it an addiction that's hard to stop (until the account empties out, that is)

yaaa exactly!!!

And then I guess the other side of the coin is, we can use the community aspect to talk about the downside โ€ฆ so I feel really strong about discouraging people from playing it, and thanks for resteeming!!

The magic is your money disappears.

๐Ÿ˜‚ Ta da! Hahahahaha.

But something about their presence on STEEM rubs me in a kind of sleazy way.

Same honestly. Same. It was also kinda crazy when I saw it but I suppose I wouldnt have minded if it was a low key thing where like you said people just rolled once or twice have fun and got the F out.

I remember there was one of the sort a while ago--not sure if it's the same--that didnt get as much clout. And then all of a sudden this one blows the F out and everyone is playing it!

Glad someone finally puts em back in their place ๐Ÿ˜‚๐Ÿ˜Š๐Ÿ‘

ย 6 years agoย (edited)

I don't understand 0% edge... That does not make sense since that is a draw every time? Could you explain that to me please?

!tipuvote 0.2

Posted using Partiko Android

Fucktard the next paragraph explains it anyway.

Posted using Partiko Android

Haha ya, just no edge to the house. So if you rolled with probability of winning at 50%, and risked 1.00 STEEM, you'd profit 1.00 STEEM if you win.

Surely that is what the above 50 or below 50 does? So you say strip the personal choice of risk?

Posted using Partiko Android

No no, I'm saying keep the risk, have a 50/50 gamble if you want, but without an edge favoring the dice bot.

With a 2% house edge, you either lose 1.00 or win an amount less than 1.00. With 0% house edge, players will lose 1.00 or win the full 1.00, and the bot does not gradually relieve players of their STEEM.

So how do you expect them to make money, the bot, that is

Oh, when folks lose right? I don't think their greedy nature would want to settle with that alone

well.. it wouldn't make money ๐Ÿ˜

I mean.. in practice it would either make money or lose money, a 50/50 coinflip each time, and long-term it should approach breaking even. But in theory it's a break-even adventure.

It would be a community service rather than a money making thing. It would be a defense against dice bots that drain players of money.

And potentially it could make money on upvotes, if people wanted to support it for existing. Or perhaps upvoting it could be involved in playing on it.

(I'm not sure.)

Also I should point out that the 0% edge thing is just an afterthought.

It's just an idea for how to sweep the rug out and protect people from @magicdice, given that of course there's no way to stop dice bots from being a thing.

A bot with a smaller house edge (1% or 0.5% or 0.25%) are softer versions of what I'm talking about.

As long as they operate with a whopping 2% edge, there's room to undercut them.

Ok have you visited memestagram? They. Spin and decide a vote if say bot and I am ignoring the 0% until I fully have a grasp as now that is equal odds apart from 3rd party incentive like votes. Anyhow. What about a win 50% bot like tipu? You get as caller a part and the post you call on it then is a case of pay upfront they take a base amount to cover then it is between you and the post you call it on? Given the bot has sufficient power.... Thought? Community driven and fun I would say

Posted using Partiko Android

and I am ignoring the 0% until I fully have a grasp

fair enough haha.. just to take one more stab at explaining it, if I'm like:

"yo dude, let's flip a coin, if it's heads I give you a dollar, if it's tails you give me a dollar".. this would be an example of 0% edge

There's still a gamble to it and we're both taking a risk. It's just that the odds are the same for both of us.

(Rather than I pay you 95 cents or some amount lower than a dollar, which is how the dice sites work when there's a house edge)


Not familiar with memestagram. Heard of it but never looked. I don't know enough about the details or what you mean to give an opinion really. If you can rephrase it or give more info maybe I'll have a better sense.

ย 6 years agoย (edited)

I shall do that that after this beer...mmm or a few but I shall.

Posted using Partiko Android

I thought about it a bit now. Well, I remembered. I don't think Magic Dice is all that bad when it comes to the odds since on 50 and over it is 50% and on 51 and under it is 50% odds. What is cool, since I have never played any dice game, but what I thought was cool is that we decide the odds. We give them that edge right? although payout seems unfair with it not being a 2x multiplier then. Which is what I think you are saying.

Would you play if the payout was 100% equal to your chosen odds? so if you chose 10% and bet 0.1 you win 1.1? I think I did that right haha

How would such a place make money? It seems risky for them to do.

Ok, to get to what I think I meant. With SP and voting power we have a bit of a cool advantage. Although I am not a fan of things that require delegation since I can use that SP and interest gained myself.

I pay @tipu for example then can send people steem or buy a vote in value. I do get a return but as a small account holder these returns are negligible.

So the bot could be gamified in the sense that I flip !heads 0.2 if I win the post I called it on gets a 0.2 vote and I keep my money + 25% (curation) if I lose then they take my 0.2 and give the post only a gratuity vote maybe...

I can see how this can bloat commenting etc. But just as a thought to promote activity may be, you can even have it pull the people you follow into a list and it will choose from those posts. So as to not litter with commenting. Obviously not a straight win for the money system but a nice way to spread some?

I typed this whole long message and stupid steempeak can't connect. God I hate these javascript interfaces.

Anyway - with Magi-dice the fact that on 50% you don't get 2x payout is a bit shitty. So I think I get that now.

What I was thinking is a way to gamify the voting bots or like @tipu where I flip heads or tails and if I win I get my money back and the person whom I was tipping still get their tip. If it was eg a vote they get the full vote and I keep my money + 25% ... Not exactly a gambling thing but gambling is just that age old and all bout the money.

Ooops. So sorry @tipu is stoned and does not check if it has commented on edits.

Posted using Partiko Android

Hehe, that's what I get for not getting it right the first time! :p

Thanks for the tip, I appreciate it. ๐Ÿ˜€ ๐Ÿ‘

This post is supported by $0.1 @tipU upvote funded by @penderis :)
@tipU voting service guide | For investors.

This post is supported by $0.11 @tipU upvote funded by @penderis :)
@tipU voting service guide | For investors.

This post is supported by $0.1 @tipU upvote funded by @penderis :)
@tipU voting service guide | For investors.

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