Bitcoin Forum
May 11, 2024, 03:32:36 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Marketplace > Gambling > House edge in a cool casino-like game
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: House edge in a cool casino-like game  (Read 472 times)
WheelOf$atoshi (OP)
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile WWW
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?
1715398356
Hero Member
*
Offline Offline

Posts: 1715398356

View Profile Personal Message (Offline)

Ignore
1715398356
1715398356
Reply with quote  #2
1715398356
Report to moderator
1715398356
Hero Member
*
Offline Offline

Posts: 1715398356

View Profile Personal Message (Offline)

Ignore
1715398356
1715398356
Reply with quote  #2
1715398356
Report to moderator
1715398356
Hero Member
*
Offline Offline

Posts: 1715398356

View Profile Personal Message (Offline)

Ignore
1715398356
1715398356
Reply with quote  #2
1715398356
Report to moderator
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715398356
Hero Member
*
Offline Offline

Posts: 1715398356

View Profile Personal Message (Offline)

Ignore
1715398356
1715398356
Reply with quote  #2
1715398356
Report to moderator
1715398356
Hero Member
*
Offline Offline

Posts: 1715398356

View Profile Personal Message (Offline)

Ignore
1715398356
1715398356
Reply with quote  #2
1715398356
Report to moderator
1715398356
Hero Member
*
Offline Offline

Posts: 1715398356

View Profile Personal Message (Offline)

Ignore
1715398356
1715398356
Reply with quote  #2
1715398356
Report to moderator
WhatsBitcoin
Hero Member
*****
Offline Offline

Activity: 560
Merit: 502



View Profile
May 30, 2014, 01:34:42 AM
 #2
House edge here is awful.
Get sick. Get well.
Rulishix
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
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
Hero Member
*****
Offline Offline

Activity: 560
Merit: 502



View Profile
May 30, 2014, 02:34:35 AM
 #4
Quote from: Rulishix on May 30, 2014, 02:09:25 AM
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
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
May 30, 2014, 02:38:30 AM
 #5
Quote from: WhatsBitcoin on May 30, 2014, 02:34:35 AM
Quote from: Rulishix on May 30, 2014, 02:09:25 AM
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
Legendary
*
Offline Offline

Activity: 966
Merit: 1000


In holiday we trust


View Profile
May 30, 2014, 03:46:24 AM
 #6
I thought Provably fair is a 1% house edge?
acs267
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
May 30, 2014, 03:59:44 AM
 #7
Quote from: Nobitcoin on May 30, 2014, 03:46:24 AM
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
Hero Member
*****
Offline Offline

Activity: 560
Merit: 502



View Profile
May 30, 2014, 04:00:57 AM
 #8
Quote from: Nobitcoin on May 30, 2014, 03:46:24 AM
I thought Provably fair is a 1% house edge?
The fuck?
Get sick. Get well.
pavlin99th
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile WWW
June 03, 2014, 04:32:59 PM
 #9
Quote from: acs267 on May 30, 2014, 03:59:44 AM
Quote from: Nobitcoin on May 30, 2014, 03:46:24 AM
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.
Pages: [1]
  Print  
Bitcoin Forum > Economy > Marketplace > Gambling > House edge in a cool casino-like game
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!