The Dice Strategy involves playing the dice game on Stake.com. You start by using a code (e.g., 'co-op') on sign up to get bonuses. Set the game to auto mode, choose your bet amount (e.g., two cents), and set it to increase by 20% on loss and reset on win. Your win chance should be set to 19, which gives you a 5.21 multiplier every time you win. The idea is that over time, with this strategy, you can potentially make a profit. However, it's important to remember that this strategy, like all gambling, carries risk and there's no guarantee of making money.