Win chance range in Dice game

[pachechka]

I wonder how games are defining minimum and maximum Win Chance for Dice games?

Some allows from 0.01 to 98.00, some to 98.01 with 1% HE. I've seen very precise numbers such as 0.01 to 97.254 with 0.8% HE. Not sure if HE is involved at all in defining limits.
Some are just restricting from 2 to 98%, also another is 0.01 to 99.98%.

What are the strategies and risks to casino house should consider, when defining Win Chance limits?

[BTCLiz]

I wonder how games are defining minimum and maximum Win Chance for Dice games?

Some allows from 0.01 to 98.00, some to 98.01 with 1% HE. I've seen very precise numbers such as 0.01 to 97.254 with 0.8% HE. Not sure if HE is involved at all in defining limits.
Some are just restricting from 2 to 98%, also another is 0.01 to 99.98%.

What are the strategies and risks to consider, when defining Win Chance limits?

Actually there is no real strategy available, because you will loose money in the long-run. If you had an infinite bankroll this is different, because you could use the classical "double if you loose" - strategy. This strategy is called Martingale. For more information take a look at this article:
https://en.wikipedia.org/wiki/Martingale_(betting_system)

[sunsilk]

The risk and strategy that you may come up with depends how much your bankroll is. For dice folks that don't want to commit too much risk, they'll go for 98% chance. But if you are in the verge of Yolo, you will not think of that percentage.

If it's likely the last bet that you have, then it depends how much you want in percentage and it wouldn't matter to you anymore if you lose but if you win then that's luck.

[pachechka]

The question is not what is the strategy to set Win Chance as player, but what is the strategy for the casino house to define Win Chance limits.

[rhomelmabini]

The question is not what is the strategy to set Win Chance as player, but what is the strategy for the casino house to define Win Chance limits.

I think you should probably read their terms if there's any about the win chance limits but I guess that's for confidentiality on casino's end, correct me if I'm wrong. I guess it's more of a tradition and on some notable dice sites I played mostly it is always 0.01 to 99.98% win chance limits.

[Tipstar]

I wonder how games are defining minimum and maximum Win Chance for Dice games?

Some allows from 0.01 to 98.00, some to 98.01 with 1% HE. I've seen very precise numbers such as 0.01 to 97.254 with 0.8% HE. Not sure if HE is involved at all in defining limits.
Some are just restricting from 2 to 98%, also another is 0.01 to 99.98%.

What are the strategies and risks to casino house should consider, when defining Win Chance limits?

You might be talking about the payout multiplier. They certainly have difference on those numbers and I don't think that would have any significant impact on the profit as house edge would be same for every multiplier. The numbers could be mostly due to the bankroll of the casino and maximum bet offered and sometimes the preference of the operator.

[pachechka]

The question is not what is the strategy to set Win Chance as player, but what is the strategy for the casino house to define Win Chance limits.

I think you should probably read their terms if there's any about the win chance limits but I guess that's for confidentiality on casino's end, correct me if I'm wrong. I guess it's more of a tradition and on some notable dice sites I played mostly it is always 0.01 to 99.98% win chance limits.

None of the casinos that I checked (about 10) declared any terms where Win Chance limit logic is defined.

Doesn't look like this is some secret topic. It boils down to allowing very small payouts. I think the worst case is that for example:
HE = 1%
Win Chance = 99.00%

then multiplier will be 1. It means if player bets 1000€ and lucky, then he will just get his 1000€ back. Only risk here I see is accumulating wager for cheap price if casino is running anything on wager.
Allowing more than 99.00% doesn't make sense, because then it becomes unlucky bet automatically.

But what is wrong with range 98-99%? Why casinos are avoiding this range?

[DarkDays]

So you are basically suggesting a variable house edge. e.g. losers lose 2%, whereas winners have no house edge? That doesn't make any sense.

As far as I'm aware the logic works like this.

The casino simply deducts the 'house edge' numbers from the potential rolls as a fraction of the total available numbers that can be rolled.

e.g. if a player wager $100 to on a 2x multiplier and the casino says they have to roll 50 or below (out of a max of 100), this casino would have a 0% house edge.

However, by changing the requirement to roll 45 or below, the casino implements its house edge of 10%. This would be 49 or below for a 2% house edge house casino etc. It doesn't matter how many decimal places you go, the house edge values will always be deducted from the available pool of values.

e.g. if the player wagers $100 on a 200x multiplier, and the casino has a house edge of 10%, then they will need to roll something like 44.99 or below.

[pachechka]

So you are basically suggesting a variable house edge. e.g. losers lose 2%, whereas winners have no house edge? That doesn't make any sense.

Not suggesting variable house edge. Just seeing limits and trying to understand where they come from.

https://i.imgur.com/FHUIyYN.png

Why 98% is good Win Chance for the house and 98.01% is not?