Gambling sites' max payout

[DiscoverCebu]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

[tsoPANos]

It depends on their bankroll.
If they have a small bankroll, having a high max payout is risky for them as they
could loose most of their bankroll. This is why now many site have a max profit instead of a max payout.

[RHavar]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

Take a site like primedice, there's 10,000 discrete options  [0.00, 99.99] so the most risky bet is having a 1 in 10,000 chance of winning. With a house edge of 1%, that means the most you can win is 9900x

The more discrete options (i.e. values after the decimal) the more possible risky bet possible thus higher payout. I think JD for instance uses 4 digits after the decimal, which means the riskiest bet would be a 1-in-a-million, which would allow them to have a max payout of 990000x

On a side note, before you play on satoshidice, you might want to checkout the latest in their thread

[adaseb]

I think its because when people bet using 9900x they are usually using bots and slowing down the server. SO when you have a 64000x max bet when you are obviously not going to hit the jack pot soon. Probably to elimiate the people who code bots.

[katerniko1]

it depends if they have from 0.00-99.99 or more numbers so if they have more numbers its harder to get and by that needs to be higher payout.
its about their dice script.
regards.
-Katerniko1

[ticoti]

it's just the risk they want to take

[pooya87]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

maybe it is  because nobody can even win that much , either with the odds or with the system being rigged (just a suspicion that's all)
you better check out their official Announcement page here (the last pages) before deciding anything

[riseDARK]

Because some sites have numbers from 0.01 to 100.00 and some like satoshidice have numbers from 2000-200,000 ( just example )

[FanEagle]

Take for example this:
Rollin: You can bet Less than 1, which is Win percentage for 1%, and betting it you get a 99x, thats because there are no decimals
It's just depends on how many decimals they use.
If I would use like x.000000 I think I could offer like 999000x or something.

[Rmcdermott927]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

maybe it is  because nobody can even win that much , either with the odds or with the system being rigged (just a suspicion that's all)
you better check out their official Announcement page here (the last pages) before deciding anything

How is that your suspicion when almost all dice sites are provably fair?   I know provably fair isn't perfect but no one is able to prove otherwise at any major dice sites or they would not still be in operation.

[riseDARK]

Take for example this:
Rollin: You can bet Less than 1, which is Win percentage for 1%, and betting it you get a 99x, thats because there are no decimals
It's just depends on how many decimals they use.
If I would use like x.000000 I think I could offer like 999000x or something.

Simple and true, that is what I was trying to explain

[Dannie]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

maybe it is  because nobody can even win that much , either with the odds or with the system being rigged (just a suspicion that's all)
you better check out their official Announcement page here (the last pages) before deciding anything

As a matter of fact, someone has won a 64000x bet on SD 2 years ago. That lucky man made a bet with 0.03 btc (https://blockchain.info/tx/d602ad09f967f11d50fcb2f98df8d001a812ce4965d6e69340f8961aeb32f27c) and received 1920 btc back (https://blockchain.info/tx/b18b84b383478d1df0e27db4eb1a7b0f15aea6b2243632e080a76ed8f8285df6).

[Astargath]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

Take a site like primedice, there's 10,000 discrete options  [0.00, 99.99] so the most risky bet is having a 1 in 10,000 chance of winning. With a house edge of 1%, that means the most you can win is 9900x

The more discrete options (i.e. values after the decimal) the more possible risky bet possible thus higher payout. I think JD for instance uses 4 digits after the decimal, which means the riskiest bet would be a 1-in-a-million, which would allow them to have a max payout of 990000x

On a side note, before you play on satoshidice, you might want to checkout the latest in their thread

Im pretty sure JD has the max payout set on like the 10% of their house bankroll or something along those lines, anyhow i doubt any site could afford to pay a 9900x win if you are betting high amounts of money which probably not a lot of people do.

[titibach]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

That was max money that dice site can cover for every bet you made... Its so simple like yours money that you can spend for betting, you must have a limit for each event that you can spend on it..

[sbankerdemon]

max payout always depends on the bankroll of their sites. More the bankroll more max payout you can offer to your players. Usually casinos have bankroll 10x or 20x to max payout but it depends casino to casino.

[asa.convex]

My question is clear and simple- Why do most dice sites have a max payout of 9900x while, satoshidice , being a dice site as well, has 64000x max payout?

It depends on their bankroll, maybe satoshidice playing  safe on maxpayout, so they dont want make any problem on payment,.. But even satoshidice have lower maxpayout than others site, now they have trouble on withdrawl and balance of they member, i read it on thread here, you can check it out..

[DiscoverCebu]

Take for example this:
Rollin: You can bet Less than 1, which is Win percentage for 1%, and betting it you get a 99x, thats because there are no decimals
It's just depends on how many decimals they use.
If I would use like x.000000 I think I could offer like 999000x or something.

Yes but if you were planning on bigger payout you could just change the number of places. Looks like many people are misunderstanding my question, I meant to ask why limit max payout if you can just limit the max profit.

[RussianRaibow]

Take for example this:
Rollin: You can bet Less than 1, which is Win percentage for 1%, and betting it you get a 99x, thats because there are no decimals
It's just depends on how many decimals they use.
If I would use like x.000000 I think I could offer like 999000x or something.

Yes but if you were planning on bigger payout you could just change the number of places. Looks like many people are misunderstanding my question, I meant to ask why limit max payout if you can just limit the max profit.

Because Max Profit is a derivative of Max Payout. Hence it is easier to use Max Payout as the limiting factor.

[DiscoverCebu]

Take for example this:
Rollin: You can bet Less than 1, which is Win percentage for 1%, and betting it you get a 99x, thats because there are no decimals
It's just depends on how many decimals they use.
If I would use like x.000000 I think I could offer like 999000x or something.

Yes but if you were planning on bigger payout you could just change the number of places. Looks like many people are misunderstanding my question, I meant to ask why limit max payout if you can just limit the max profit.

Because Max Profit is a derivative of Max Payout. Hence it is easier to use Max Payout as the limiting factor.

Yes I know that, but most websites do already have a max profit amount, so why limit the max payout then? If you win 10,000x at 0.3 at 20btc max profit , you would still get only 20btc . So what is the reason behind limiting the max payout cuz you do get the same amount limited by max profit even if you win big with a max [ayout.

[kronkodil]

Already because who bet more of 9900, generally use only a faucet of the dice and not real money, and spend more band of the dice