But taking 0.25% of wagered is certainly not the same as taking 25% of profit.
Essentially, it nullifies the risk of the owner, and dumps that on the investors. That is, if someone wins big, the owner still gets his portion but from the investors.
Well he made a good point assuming you are seeing it from a "very long term" because in the end the profit of the site will be just as big as the house edge ( this is theoretically ) so it is correct to assume it is the same however it is not literally the same thing
I would assume that Dean has big stash of investment as well in PRC so using this method will allow him to get more assuming that some high roller wager alot and lost .
The same difference that about "fee" and "house edge" . Those are theoretically the same although it is a slight difference that collecting fee from the winning amount is only for a PvP game thus this means getting risk-free profit from the player instead of house edge for a player vs house game which isnt risk-free at all