So I have a 66% chance tot win 0.01 and a 33% chance tot losse 0.03?
That's a massive 33% house edge!
Edit: wrong calculation, it's a 11.1% house edge. Stille massieve.
I must be missing something here.That's a massive 33% house edge!
Edit: wrong calculation, it's a 11.1% house edge. Stille massieve.
Any type of edge to loose would mean that your chances of loosing are greater then 50%.
This is a game where the odds are literally in your favor to win every time.
I would have won 66.6 bets on average -> payout of 66.6 x 0.04 = 2.666
I'd have lost 33.3 bets -> payout of 0
Total payout = 2.666, while total wagered = 3
Total loss = 3 - 2.666 = 0.333
House edge = 0.333 / 3 * 100% = 11.1%