Post
Topic
Board Gambling
Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game
by
FUNDB
on 28/05/2016, 22:55:18 UTC
Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!