The median crash point is 1.97x.
How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?
Here's what you are missing:
If the crash-point is lower than you ask for, you get nothing back.
Saying "the median crash point is 1.97x" is equivalent to saying "the crash point reaches at least 1.97x 50% of the time", which in turn is
nearly equivalent to "if you play at 1.97x, you have a 50% chance of winning 1.97x, and a 50% chance of losing".
That corresponds to a payout of 1.97 * 50 = 98.5%, or a house edge of 1.5%.
That's how the math works, but I think at moneypot the house edge is actually lower than that. The '
nearly' in the above is responsible for the difference. Moneypot crash points are only shown to 2 decimal places, and the crash point reaches 1.97x a little more than 50% of the time, but reaches 1.98x less than 50% of the time.
tl;dr: think of the "median" crash point as being like the payout for a 50% bet on a regular dice site.