How many words do I need?
Five, 64.6 bits, for most accounts: against a site that stored it badly, a rack of graphics cards needs about half a year. Use six or seven for a password manager’s master password or disk encryption, which an attacker can work on offline for years.
Why the EFF list and not a dictionary?
Its 7,776 words, the number five rolls of a die can pick from, were chosen to be common and easy to spell and remember. The strength shown assumes exactly that list.
Can I roll dice instead?
Yes, that is what the list was made for: five dice give a number from 11111 to 66666, which picks one word. This window does the same with your browser’s random generator, as unpredictable as dice and faster.