Ninjastic
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Board Gambling
Re: SafeDice.com ★ Bitcoin Dice ★ Low 0.5% Edge ★ Referral ★ Fast Cashout ★ Fair
by
SafeDice
on 20/02/2015, 04:07:50 UTC
Quote from: Brimskie on February 20, 2015, 02:04:57 AM
Quote from: Harry Hood on February 20, 2015, 01:57:34 AM
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

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

Here is a little more explanation about SafeDice's house edge:

Quote from: SafeDice on November 22, 2014, 08:17:59 AM
Is it better than standard flat house edge?
Of course it is better, lets take an example for sites with same half kelly calculation:

  • 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.