[ANN] SafeDice.com - 0.5% Variable House Edge

[Minnlo]

By the way, here's a screenshot of our recent works (not published yet), a variable house edge that can change depends on the 'profit on win'!

So, a bet with lower "profit on win" will have a lower house edge, and vice versa? That would make your site very attractive to smaller gamblers with the lower edge.

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[1714615774]

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[Sam.Walton]

Can you do a leaderboard for the top players who waged alot.

For what purpose? Does the site have affilitiate program like Win88 too?

Leaderboard is fun, when we play a multiplayer game, we tend to pursue the number one ranking didn't we? . Currently we are focusing on the development of variable house edge, and then we will focus on functional features and features for our investors first. But additional things like leaderboard is also on our list

Currently we don't have an affiliate program Marykris

By the way, here's a screenshot of our recent works (not published yet), a variable house edge that can change depends on the 'profit on win'!

So, a bet with lower "profit on win" will have a lower house edge, and vice versa? That would make your site very attractive to smaller gamblers with the lower edge.

Exactly!! And still safe for the investors too

[racsas]

looks pretty good

[allcoinminer]

What's actually this 1% House Hedge means?
Is there any faucet available in this dice game?

[dooglus]

What's actually this 1% House Hedge means?

It means that you can expect to get back 99% of everything you risk, long term.

[lili song]

What's actually this 1% House Hedge means?

It means that you can expect to get back 99% of everything you risk, long term.

So does it means that if I bet 50 %

Because of 1 % house edge

I got 49% chance for winning that bet ?

[allcoinminer]

What's actually this 1% House Hedge means?

It means that you can expect to get back 99% of everything you risk, long term.

Ha, "Long Term" that the real risk behind it.

[allcoinminer]

What's actually this 1% House Hedge means?

It means that you can expect to get back 99% of everything you risk, long term.

So does it means that if I bet 50 %

Because of 1 % house edge

I got 49% chance for winning that bet ?

Yes in the Long Run. But waiting to be in the Long run introduces a lot of higher risks.

[dooglus]

So does it means that if I bet 50 %

Because of 1 % house edge

I got 49% chance for winning that bet ?

No, you have a 50% chance of winning a 50% bet, but when you win, you don't get 2x your bet, you only get 1.98x.

1.98 is 99% of 2

If you bet 1 unit at 50% 2 million times, you will win about a million times, and lose about a million times. Each loss costs you 1 unit. Each win nets you 0.98 units of profit. Your total losses are 1 million. Your total wins are 980 thousand. Your net loss is 20 thousand, and your total amount risked is 2 million. Your net loss (20k) is 1% of your total risked (2 million).

Get it?

[dooglus]

Yes in the Long Run. But waiting to be in the Long run introduces a lot of higher risks.

Note that as a player, you don't want "the long run", because in the long run you lose 1% of everything you bet.

As a gambler you're hoping for short-term variance to make you win, against expectation.

If you keep playing long enough, you will lose because of the house edge.

[lili song]

So does it means that if I bet 50 %

Because of 1 % house edge

I got 49% chance for winning that bet ?

No, you have a 50% chance of winning a 50% bet, but when you win, you don't get 2x your bet, you only get 1.98x.

1.98 is 99% of 2

If you bet 1 unit at 50% 2 million times, you will win about a million times, and lose about a million times. Each loss costs you 1 unit. Each win nets you 0.98 units of profit. Your total losses are 1 million. Your total wins are 980 thousand. Your net loss is 20 thousand, and your total amount risked is 2 million. Your net loss (20k) is 1% of your total risked (2 million).

Get it?

Got it   

Thanks for the awesome explanation.
Now I know the 1% edge risk 

[Sam.Walton]

So does it means that if I bet 50 %

Because of 1 % house edge

I got 49% chance for winning that bet ?

No, you have a 50% chance of winning a 50% bet, but when you win, you don't get 2x your bet, you only get 1.98x.

1.98 is 99% of 2

If you bet 1 unit at 50% 2 million times, you will win about a million times, and lose about a million times. Each loss costs you 1 unit. Each win nets you 0.98 units of profit. Your total losses are 1 million. Your total wins are 980 thousand. Your net loss is 20 thousand, and your total amount risked is 2 million. Your net loss (20k) is 1% of your total risked (2 million).

Get it?

Got it   

Thanks for the awesome explanation.
Now I know the 1% edge risk 

Thanks for helping to explain Doog

[Sam.Walton]

Nov 19, 2014 - Investment feature will be disabled in the next update
Following our recent discussion with some forum members. We think it is best to close our investment feature until indefinite amount of time. We admit that currently we are still to new for this type of feature and the community just get shocked by the recent cases. Continuing this feature will not only harm our brand, but it might implied that we are insensitive to the recent cases.

• Will you open this feature again?
  We might open the investment feature again in the future when we work with a partner that is trusted both by us and the community, or when we believe we are ready and there are lot of requests of this features.
• I still have investment in my account, what should I do?
  If you still have your investment in your account, you will still be able to use it.
• But will the site be playable?
  We will use our Variable House Edge system, this will allow us to run the site with lower amount of bankroll to a certain limitation. Meanwhile we are looking for a better solution.
• But I really want to invest?
  You will need to contact us privately for this matter.

[Josepht]

Someone might have asked this before, but I am wondering this:
Why is the house edge 2% if I want to make a bet of 0.06 @ x2 ?
If I bet 0.15 @x2 the house edge is 3% Why is that?

[Sam.Walton]

Someone might have asked this before, but I am wondering this:
Why is the house edge 2% if I want to make a bet of 0.06 @ x2 ?
If I bet 0.15 @x2 the house edge is 3% Why is that?

Hope this explains 

SafeDice is using a variable house edge. By default, the house edge is 1% with a max win of 0.5% of the bankroll. Players can also have a higher max win with a bigger house edge, for instance, under a house edge of 2% there will be a max win of 1% of the bankroll.

[Josepht]

Someone might have asked this before, but I am wondering this:
Why is the house edge 2% if I want to make a bet of 0.06 @ x2 ?
If I bet 0.15 @x2 the house edge is 3% Why is that?

Hope this explains 

SafeDice is using a variable house edge. By default, the house edge is 1% with a max win of 0.5% of the bankroll. Players can also have a higher max win with a bigger house edge, for instance, under a house edge of 2% there will be a max win of 1% of the bankroll.

Yeah, that explains a lot. I didn't read the previous pages.

[Sam.Walton]

Someone might have asked this before, but I am wondering this:
Why is the house edge 2% if I want to make a bet of 0.06 @ x2 ?
If I bet 0.15 @x2 the house edge is 3% Why is that?

Hope this explains  

SafeDice is using a variable house edge. By default, the house edge is 1% with a max win of 0.5% of the bankroll. Players can also have a higher max win with a bigger house edge, for instance, under a house edge of 2% there will be a max win of 1% of the bankroll.

Yeah, that explains a lot. I didn't read the previous pages.

In the next update the house edge will use a floating number, stay tuned guys

[Sam.Walton]

Nov 20, 2014 - Full Variable House Edge is Up! You can play with 0.5% H.E.

• House Edge is changing dynamically according to 'profit on win' compared to site bankroll.
• House Edge for each bet is displayed on the Bet Log.
• Investment feature is removed for new players.
• Chat room now has two size options, normal and smaller one.
• Show number of unread messages on Chat Room button.
• Add connection status info.
• Keyboard shortcut icon now show status and clicking it will enable/disable the shortcut.
• Add loading icon on registration and login.
• All bets log updated faster.

[pureelite]

you should add faucet

it will attract a lot of people!!!

[Sam.Walton]

you should add faucet

it will attract a lot of people!!!

Thank you for the suggestion pure, but there are also lot of controversy about faucet. Currently we are still trying to attract people with features other than faucet.