Bitcoin dice is one way to gamble with your money using cryptocurrencies. For some reason, it’s an extremely popular form of entertainment when it comes to crypto. So, it’s actually rather unique in that it’s not really played outside of the many decentralized casino websites and apps.
Now, there are ways to mitigate your losses while gambling or to increase your winnings. They don’t guarantee 100% success, but they can work. Of course, it might be more interesting for some people to just trust in chance completely and refuse such tactics, but they can increase your money pool, which is outstanding.
How Is Dice Played?
That’s just a quick side note for people who want to catch up on dice.
Dice is a genre of casino games offered by crypto gambling solutions, such as duckdice.io and others. In it, you need to pick a number and predict whether a randomly generated number will be higher or lower. The numbers are usually on a scale of 1-100 or 1-1000 with a flexible, moving winnings multiplier.
Protecting Against Loss
Protecting your money against losses is the simplest thing you can do in terms of making gambling safer.
The usual way is to lay off a portion of the general pool of money you have left any time you win a roll. Depending on how safe you want to rolls to be and how much you want to win, you can decrease or increase this portion. The most balanced slice would be 50%. Half goes into reserves and half is used for further gambling.
Raising Stakes Gradually
There are many techniques for managing risks as you continue to gamble. Most advise you to increase the risk progressively with different specifications and nuance.
The usual approach is simply to increase your risks gradually until you lose. The exact proportions are up to you, but even a 5% increase can do a trick. This will increase your winnings, as well as make the game more fascinating. So, if you care about thrill more than safety, you can increase it way more than by just 5%.
After each loss, you can either roll the bet down to the original amount and try to bounce back or raise the stakes even further to thrust yourself back. Some tactics even advise against increasing the bet until the first loss to save the money until a decisive push. There are many such playing styles.
Risk Management in Dice
Ethereum, Bitcoin and bitcoin gold dice are outstanding because you can very carefully manage your risks. You can raise the stakes by increasing your bet but also by moving your market on the scale. If you want to decrease the risk, just make your ‘high’ piece bigger, and vice versa.
You can actually stick to the low-risk, low-yield strategy, which means you’ll likely keep winning, but the rewards are going to be minuscule. It makes it harder to bounce back if you actually lose but otherwise stays within the bounds of safe. You can stick to a high-risk, high-rewards approach or do anything in-between. It gives you at least some semblance of control compared to many other casino games.