Post
Topic
Board Gambling
Re: Moneypot just took a huge loss?
by
elm
on 30/01/2016, 17:19:42 UTC
I see so plinkopot max at 999x and betterbets has 9999x which means a much smaller bet could win large part of bankroll now the odds must be astronomical to win this.

It's 1 in 65536 to end up in the left hand position, and 1 in 32768 to end up in either of the outside positions. So not really "astronomical".

If you bet once per second you would hit one of the outside pockets every 9 hours or so.

Edit: on average, of course! I don't mean every 9 hours. I mean the average time between hits would be 9 hours in the (very) long run.

if you are saying that "the chance is 1 in 32768 to end up in either or the outside positions" do you mean that for all color bet options?

in case of green it is     3X
in case of orange it is  23X
in case of red it is     121X

Yes, the odds are "1 in 32768" to end up in either of the outside positions for all color bet options. The color of the row has no impact on the odds at all, just the payout multiplier.

are you sure? because this would be a terrible bet for a player if I see it as a standalone bet. for example I would bet 1 satoshi 32768 times (=32768 satoshi) to win a bet to get 3 satoshi - 23 satoshi or 121 satoshi

edit: I see now that dooglus answered it