3. Dooglus' calculation of the house edge is incorrect, as it does not take in the 'consolation prize' if you do not win. 0.5% of your bet is returned when you lose. However, since our house edge is 1.65%, it is clear that it isn't the lowest worldwide and we'll have to look into a.) the person that wrote the content for the About Me page and b.) any more mistakes that could have been made such as this. Thanks for pointing it out.
I don't see any mention of this 0.5% refund. Where can I find it?
Under "How to Play" I see:
What is the house edge for BetCoin Dice?
The house advantage is 1.88% for all games except < 1, wherein the house edge is 1.838%.
That is different than the 1.65% you claim in the post I'm replying to.
If you pay 1.9574x for a win at 50% and 0.005x for a loss, the house edge is 100 - 1.9574 * 50 - 0.005 * 50 = 1.88%
4. The bonus info is super clear on the website - we aren't trying to hide anything and there have been people that have unlocked it. There was one recently that cashed out 5 BTC (though he was promptly called a shill). 888x rollover requirement and you can withdraw the original bonus amount. If you're playing games that have super high odds (95%+) and betting high to try and unlock it, the amount applied to the rollover requirement is reduced.
It's clear, but it's such poor value I wondered if it might be incorrect. Players would be much better off refusing this "bonus" than to have their winnings limited by those terms.
Please let us know if we missed something.
You completely skipped my last question about security and 2FA.
The bonus isn't worthless. It is to test out the provably fair system and try your luck at unlocking an enormous amount of money without having to make a single deposit. Just because something is unlikely doesn't mean it's worthless. Even a lottery ticket costs a dollar.
About 1/1000 people unlock the bonus, and about 1/10 of those do it without creating multiple accounts. That's good odds when you consider it is a free shot at winning that sum of money. As I said, there was a guy that recently did it and cashed out over 2,000 USD, so I'm not sure I agree with you on that point.
AFAIK, the house edge is and has always been 1.65% for BetCoin Circle, which is our most popular game. The house advantage of Dice is 1.88%, as you said. I'm not trying to withhold information from you I am simply used to people asking about Circle, not Dice. Apologies.
We have 2FA.