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Author Topic: House edge in a cool casino-like game  (Read 480 times)
WheelOf$atoshi (OP)
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May 29, 2014, 11:52:08 PM
Last edit: June 01, 2014, 12:11:02 AM by WheelOf$atoshi
 #1

Hey guys, I am thinking to release a game (provably fair - of course) but need your thoughts on a house edge. There will be two sections with a chance to win 47-50 times your bet.
Roulette house edge is usually 2.70%-5.26%. What are your thoughts about such rates?
WhatsBitcoin
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May 30, 2014, 01:34:42 AM
 #2

House edge here is awful.

Get sick. Get well.
Rulishix
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May 30, 2014, 02:09:25 AM
 #3

I added together all the percentages and came up with a 1.4% house edge. Not that bad at all.  Pretty decent site!
WhatsBitcoin
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May 30, 2014, 02:34:35 AM
 #4

I added together all the percentages and came up with a 1.4% house edge. Not that bad at all.  Pretty decent site!
2x payout has a 47% of hitting = 6% house edge for example.

Get sick. Get well.
Rulishix
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May 30, 2014, 02:38:30 AM
 #5

I added together all the percentages and came up with a 1.4% house edge. Not that bad at all.  Pretty decent site!
2x payout has a 47% of hitting = 6% house edge for example.

Oh, shit. Well ignorr my retarded math.  Lol.
Nobitcoin
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May 30, 2014, 03:46:24 AM
 #6

I thought Provably fair is a 1% house edge?
acs267
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May 30, 2014, 03:59:44 AM
 #7

I thought Provably fair is a 1% house edge?

Being Provably Fair is a myth. But 1% is common in 'provably fairs'.
But I do agree 6% is a terrible edge.
WhatsBitcoin
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May 30, 2014, 04:00:57 AM
 #8

I thought Provably fair is a 1% house edge?
The fuck?

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pavlin99th
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June 03, 2014, 04:32:59 PM
 #9

I thought Provably fair is a 1% house edge?

Being Provably Fair is a myth. But 1% is common in 'provably fairs'.
But I do agree 6% is a terrible edge.

Being provably fair is a math and has nothing to do with house edge.
It is better to have 6% in provably fair, trusted and respected casino than 0.99% in untrustworthy one.
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