Re: Satoshi Roulette - Lowest house Edge (occasionally negative) of all casinos
So you have to have 0 confirmations right? Then any idea why payouts are taking so long? I got 1 fast payout on LTC using Jackpot dice and have yet to receive another, and none of mine on BTC Jackpot dice have come back as of this posting.
EDIT###
Never mind I figured it out. The Jackpot dice doesn't return a micro transaction to tell you that you lost.
EDIT###
Never mind I figured it out. The Jackpot dice doesn't return a micro transaction to tell you that you lost.
That is correct, we do try to minimize blockchain spam
For our Jackpot Dice (clone dice v2) we decided to drop the losing payouts in favour of raising the winning multiplier.
Players can optionally pay to have a loss notification by sending their bet in multibet that includes the address for 'Result only'.
'Result only' has the smallest min bet possible that covers sending the result as a micro payout.
I like the micro lotto to bet the free bitcoins I get daily
Thats a novel use of it, perhaps we should advertise dailybitcoins.
Thanks for the positive feedback.
How does it work out of the edge is sometimes negative?
Hello Marcusrider
Here is Code Monkeys subroutine for calculating the house edge for the maximum bet.
Code:
# g = game
# t = count of all possible results (eg roulette 37)
# w = winning numbers
function current_edge($g, $t, $w)
{
$l = $t - $w; # losing numbers
$j = jackpot($g);
$max_bet = max_bet($g);
$donation = donation($g) / 100;
$m = max_m($g) * $w * $max_bet; # round payouts
$rd = $l * $max_bet * $donation; # round donations
$total = $j + $m + $rd;
$payout = ($total / ($t * $max_bet)) * 100;
return 100 - $payout;
}
# t = count of all possible results (eg roulette 37)
# w = winning numbers
function current_edge($g, $t, $w)
{
$l = $t - $w; # losing numbers
$j = jackpot($g);
$max_bet = max_bet($g);
$donation = donation($g) / 100;
$m = max_m($g) * $w * $max_bet; # round payouts
$rd = $l * $max_bet * $donation; # round donations
$total = $j + $m + $rd;
$payout = ($total / ($t * $max_bet)) * 100;
return 100 - $payout;
}
In Pseudo code:
payout = (total payout including jackpot / (number of results * maximum bet)) * 100
house edge = 100 - payout;