According to my past experience on Dice game platforms, they all claims their games are Provably Fair.
But in reality, suddenly a losing streak over 20 losses in a row will happen when your account performance is good, which over 25% earning.
Anyway, this is just my past experience. Maybe MagicDice is really Provably Fair up to today.
I share one of my posts related to MagicDice here for the reference.
Yeah, the streaks are concerning, I see 10+ and even 20 losing streaks far more often than I would ever expect with 50/50 odds. Easily 3-5+ 10+ streaks an hour. I've had multiple 20+ streaks.
I need to look at the algorithm closer and see how it works. I took a bird's eye view on the end results, but the streaks are really what makes/breaks it.
Does this mean you don't see a similar winning streaks as often as you see losing streaks?
If it's so, I doubt your observations.
Anyway, waiting for an update about an audit of the algo from you.
I see streaks on both sides, but streaks is what kills any strategy as it doesn't matter the direction.
If your betting 1 Steem, and you get a streak of 10 wins, you make 10 Steem. But when you get a streak of 10 loses, you lose 1500 Steem.
True. A loss of 1024 STEEM to be precise. But if one could always win, how will a casino run its business :)