Post
Topic
Board Gambling
Re: Re: Satoshi Card Club (Instant Cashout Poker Room / Up to 100% rakeback weekly)
by
scc123
on 23/04/2015, 16:27:05 UTC

remember next sunday the top 10 players will get 100% rakeback or 500 chips whichever is higher. you would actually want the site to have less players so that playing a few hands on the lowest stakes could easily earn 500 chips (0.05 btc) per week.

Is there any mistake or typo for the prize? I know that 500 chips is like 0.005 btc since you make 10,000 chip is for 1 btc. Correct me if Im wrong

Yes you're right, it should be typo.
500Chips should equal to 0.005btc not 0.05btc (OP need to revise it)

You guys got a bad math I suppose, OP's math is already correct assuming it is 10,000 chips for 1 btc

if 1,000 chips = 1 btc, then 1 chips = 0.001

If 10,000 chips = 1 btc, then 1 chips = 0.0001 x 500 = 0.05 btc

It is just a simple math , or you may want to check this with calculator

Damn you are right..
thanks for the correction and clear math explanation..


maybe that's the reason why they don't play cash games because they though it's not worth it. remember, the 10th player so far contributed 10 chips in rake and will most likely get 500 by sunday. that is 5,000% rakeback in effect.