SafeDice (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 04:07:50 AM |
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Is the "safe" part the low variable house edge?
A variable house edge sounds like a risk to me...
house edge will only be risen if your target profit is >5% of the bank roll... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, currently if you bet with profit below ~ 0.6 BTC (slightly change everytime there's new invest/divestment), you will enjoy house edge below 1% ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Here is a little more explanation about SafeDice's house edge: Is it better than standard flat house edge?Of course it is better, lets take an example for sites with same half kelly calculation: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs26.postimg.org%2Fbej47m689%2Fvhe_chart_2.png&t=663&c=5uqcR7SjAk8EPg) - Flat House Edge
You play with 1% house edge and max win 0.5% of the bankroll. For every bet with potential profit less than 0.5% bankroll, you will use flat 0.5% house edge. You are not allowed to bet higher amount.
- Variable House Edge
When you play with potential profit 0.5% of the bankroll, you still use the same 1% house edge. For every bet with potential profit less than 0.5% of the bankroll, you will use a lower house edge, as low as 0.5% house edge. The site also allows you to bet with amount higher than 0.5% of the bankroll with higher house edge.
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 04:50:14 PM Last edit: February 20, 2015, 08:09:20 PM by 1gallon |
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last day to get in the action on this: https://bitcointalk.org/index.php?topic=949266.0![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FwzRaJ2i.png&t=663&c=Sc5Lx7eUGYJXRg) saw a nice martingale going on haha Site is having some temporary down time. Please bare with us while it's being fixed! thank you!!! 2-20-14 3:10pm EST
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shitaifan2013
Legendary
Offline
Activity: 879
Merit: 1000
monero
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 08:08:53 PM |
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site is frozen/down right now, all funds are safe, admin is informed ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) sry for any inconvenience.
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omahapoker
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 09:45:31 PM |
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cant get my money out of fj today
now safedice same way,
whats next for me today
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 09:46:51 PM |
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cant get my money out of fj today
now safedice same way,
whats next for me today
well primedice is down too if you go there :/
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omahapoker
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 09:56:55 PM |
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yes. fuck. my refer money is there
im gonna go buy a gun. BRB
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 10:00:41 PM |
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yes. fuck. my refer money is there
im gonna go buy a gun. BRB
wait wait... how are you going to buy one? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) i thought everything was stuck on different sites ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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omahapoker
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 10:11:44 PM |
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yes. fuck. my refer money is there
im gonna go buy a gun. BRB
wait wait... how are you going to buy one? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) i thought everything was stuck on different sites ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i have to go, suck dick at the corner for 2 hour. should have enough by then
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 10:45:34 PM |
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yes. fuck. my refer money is there
im gonna go buy a gun. BRB
wait wait... how are you going to buy one? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) i thought everything was stuck on different sites ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i have to go, suck dick at the corner for 2 hour. should have enough by then no need for that, Safedice is back online!
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waterpile
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 11:10:09 PM |
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cant get my money out of fj today
now safedice same way,
whats next for me today
well primedice is down too if you go there :/ and seals is down for operation ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Buziss
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 20, 2015, 11:15:23 PM |
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yes. fuck. my refer money is there
im gonna go buy a gun. BRB
wait wait... how are you going to buy one? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) i thought everything was stuck on different sites ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i have to go, suck dick at the corner for 2 hour. should have enough by then no need for that, Safedice is back online! It is probably too late and he has gone out working hard already lol. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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masterzino
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 12:16:58 AM |
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Edge varies up to 4%?
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Chemistry1988
Legendary
Offline
Activity: 1120
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 12:25:09 AM |
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Edge varies up to 4%?
Nope, 4% isn't the limit. It will be higher when your "profit on win" increases. For example, if you bet 0.1 btc for 50%, the edge is 0.5%. If you bet 1 btc for 50%, the edge is ~1.54%. If you bet 10 btc for 50%, the edge is ~12%. If you bet 100 btc for 50%, the edge is ~38%.
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 02:25:41 AM |
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woah at this win. gratz TheTiger https://safedice.com/bets/3341654![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FugtIrdn.png&t=663&c=V3ghS0VCdMUjgA) the house edge is displayed in semi-real time because it depends on the live and actual bankroll ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpagsNWV.png&t=663&c=I6U845wHGfjxrA) eg trying to win 1.5 btc will give me a house edge of around 2.7%
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omahapoker
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 02:48:46 AM |
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yes. fuck. my refer money is there
im gonna go buy a gun. BRB
wait wait... how are you going to buy one? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) i thought everything was stuck on different sites ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i have to go, suck dick at the corner for 2 hour. should have enough by then no need for that, Safedice is back online! too late ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 03:31:40 AM |
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people going steady and winning today
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ndnh
Legendary
Offline
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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February 21, 2015, 06:12:57 AM |
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Edge varies up to 4%?
Nope, 4% isn't the limit. It will be higher when your "profit on win" increases. For example, if you bet 0.1 btc for 50%, the edge is 0.5%. If you bet 1 btc for 50%, the edge is ~1.54%. If you bet 10 btc for 50%, the edge is ~12%. If you bet 100 btc for 50%, the edge is ~38%. no, lol, it is capped at 10% I think. the max bet is capped too.
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 07:54:18 AM |
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no, lol, it is capped at 10% I think.
the max bet is capped too.
yes it's capped at 10% which is the 'jackpot'. so when you try to hit for 'jackpot' you'll get a whopping 10% house edge
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micromen
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 02:59:34 PM |
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That way the site can not be crippled very easily ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It is dumb for high rollers but it is a great system for websites with low bankrolls.
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1gallon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 21, 2015, 05:11:07 PM |
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That way the site can not be crippled very easily ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It is dumb for high rollers but it is a great system for websites with low bankrolls. yeah it's good for a site with a smaller bank roll to be able to 'host' a high roller
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