FreeBitco.in-$200 FreeBTC🏎Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[tambov68]

Я выигpывaл 0.3 BTC в 231 лoтepee.

[aksu]

What is "house edge" in betting?
If formula is (Bet Amount)*(100%+(Time Weight Multiplier)%), is this still multiplyed by closing odds? Can I assume that early bettor can have 0% house edge and later bettors pay house edge?

[TheQuin]

What is "house edge" in betting?

5% the same as the dice.

If formula is (Bet Amount)*(100%+(Time Weight Multiplier)%), is this still multiplyed by closing odds? Can I assume that early bettor can have 0% house edge and later bettors pay house edge?

No.

[aksu]

This seems to be complicated. So first there is 5% cut and early bird can have 95% return, so last bettor can have only 47,5% return, is this correct?

[aksu]

This seems to be complicated. So first there is 5% cut and early bird can have 95% return, so last bettor can have only 47,5% return, is this correct?

no wonder they can afford to distribute lamborghins 

[TheQuin]

no wonder they can afford to distribute lamborghins 

Name a parimutuel betting site with a smaller house edge.

[UserU]

no wonder they can afford to distribute lamborghins  

NGL, I'd love myself some Lambos sitting in my garage

[aksu]

Name a parimutuel betting site with a smaller house edge.

There is a lot ~97% betting sites with bitcoins and all asians bookies have ~98% with fiat. You cant engage meaningful betting with 50% return, it is ridiculous. I looked their turnover and it is not much. They would do better to release just simple tote pool with 95% return and get 100x bigger volume or 98% return and 1000x bigger volume. These are researched stuff.

[aksu]

Also there is no accountancy of own bets and it is difficult to monitor bets. It would increase credibility if there was a total statement of how much money each option received and how much it was paid out in winnings.

[TheQuin]

Name a parimutuel betting site with a smaller house edge.

There is a lot ~97% betting sites with bitcoins and all asians bookies have ~98% with fiat. You cant engage meaningful betting with 50% return, it is ridiculous. I looked their turnover and it is not much. They would do better to release just simple tote pool with 95% return and get 100x bigger volume or 98% return and 1000x bigger volume. These are researched stuff.

You did not answer my question. Name a parimutuel betting site with a smaller house edge.

Also there is no accountancy of own bets and it is difficult to monitor bets. It would increase credibility if there was a total statement of how much money each option received and how much it was paid out in winnings.

Your bets move to My Expired Bets for one month after the event. You can keep your own records if you want a longer record. That has nothing to do with credibility.

[aksu]

You did not answer my question. Name a parimutuel betting site with a smaller house edge.

I did not know the term, parimutuel is like tote pool. Yes I dont know any tote pool betting with bitcoins in the whole internet. But it doesnt matter, rules of the game are too bad, when I can bet on fixed odds with 97% return.

[TheQuin]

I did not know the term, parimutuel is like tote pool. Yes I dont know any tote pool betting with bitcoins in the whole internet. But it doesnt matter, rules of the game are too bad, when I can bet on fixed odds with 97% return.

https://en.wikipedia.org/wiki/Parimutuel_betting

I only know of one other Crypto site that does parimutuel betting which also has a 5% house edge. For fixed odds betting you will normally get a minimum of 5.5% house edge.

[aksu]

I only know of one other Crypto site that does parimutuel betting which also has a 5% house edge. For fixed odds betting you will normally get a minimum of 5.5% house edge.

What is that site?

[Mekki80]

What am i missing here. i have played free rolls 106 times. every time i have play the multiply btc rolls. that is 14272 times. when i started that i was calculating that i need to play that 25000 times to get to 0.00000020 bonus. but now i have 19.1641% achieved to next bonus. and it goes down every hour.

[TheQuin]

I only know of one other Crypto site that does parimutuel betting which also has a 5% house edge. For fixed odds betting you will normally get a minimum of 5.5% house edge.

What is that site?

You have to answer my question before you get to ask me another one.

Name a parimutuel betting site with a smaller house edge.

...i have 19.1641% achieved to next bonus. and it goes down every hour.

It goes down every time you do a free roll. To earn a bonus you have to wager enough in proportion to how much we have given you for free.

[Mekki80]

Ah ok. I have just been unlucky then.

[aksu]

You have to answer my question before you get to ask me another one.

Name a parimutuel betting site with a smaller house edge.

Well I dont know any other betting site with bitcoins and parimutuel. But I guess they all have smaller house edge, because freebitco has around 70 - 75% which is very small.

[TheQuin]

Well I dont know any other betting site with bitcoins and parimutuel.

I didn't specify Bitcoin. Name ANY parimutuel betting site with a lower house edge.

But I guess they all have smaller house edge, because freebitco has around 70 - 75% which is very small.

You guess wrong. Our house edge is 5% which makes it the same or better than any other parimutuel betting site and fixed odds betting usually has a higher house edge as the bookie is taking a greater risk. You keep stating that there are better places to bet but so far a failed to name one.

[aksu]

You guess wrong. Our house edge is 5% which makes it the same or better than any other parimutuel betting site and fixed odds betting usually has a higher house edge as the bookie is taking a greater risk. You keep stating that there are better places to bet but so far a failed to name one.

This is not true, because bettor have to be very early. If he notices match even one day late, he can not have 95% percent return, it is allready under 90%. In Sweden and Finland have state-owned tipping companies that offers 85% percent return to horse races. It is lower return, but bettor can place bets to last minute before race with same conditions. What comes to fixed odds, here is sample of this evening CL-match between Dortmund and PSG:  https://www.oddsportal.com/soccer/europe/champions-league/dortmund-paris-sg-UX5SubKs/#ah;2;0.00;0  There is 4 bookmakers that offer over 98% return, in Asian betting companies around 98% is common.

[TheQuin]

This is not true,

It is true because your logic is completely flawed. We only take 5% from the prize pool so everyone gets the other 95%. The time weight multiplier is irrelevant to the house edge.

because bettor have to be very early. If he notices match even one day late, he can not have 95% percent return, it is allready under 90%. In Sweden and Finland have state-owned tipping companies that offers 85% percent return to horse races. It is lower return,

Congratulations, you finally got something right. most parimutuel betting has a minimum of 15% house edge and is often far bigger.

but bettor can place bets to last minute before race with same conditions.

Many bettors prefer the way we do it as they get a better return by betting early or a choice to bet late when more information that may affect the result is known (eg. the teams have been announced and a start player is injured). That actually makes it fairer, in fixed odds betting the odds will change in situations like that so the returns do vary depending on when you bet.

What comes to fixed odds, here is sample of this evening CL-match between Dortmund and PSG:  https://www.oddsportal.com/soccer/europe/champions-league/dortmund-paris-sg-UX5SubKs/#ah;2;0.00;0  There is 4 bookmakers that offer over 98% return, in Asian betting companies around 98% is common.

I just clicked that links and took a screenshot.



A 95% return looks very competitive in that market place even if you ignore that you'll be earning free lottery tickets, golden tickets and reward points and Free BTC bonuses by betting with us.

You still haven't named a parimutuel betting site with a better house edge and are making comparisons of house edges in different betting types. If you don't like parimutuel betting then don't do it.