BitcoinBetting.website is not really a 0% edge game.
They take 0.0002 btc on each transaction, that's how they make money.
In fact, if you bet less than 0.02 btc, they take you more than 1%
Never noticed that before. I assumed their advertising was true (16x payout), but now that I look at it, it's false advertising. Betting 0.1BTC would get a 1.5968BTC profit if the bet won, which is a 15.96x multiplier. Just another reason to not invest - they falsely advertise payouts in an attempt to get more players. I suppose it would make it +EV for an investor, but I'm not sure if bitcoinbetting.website would give that to investors, and what fee they would take.They take 0.0002 btc on each transaction, that's how they make money.
In fact, if you bet less than 0.02 btc, they take you more than 1%
Assuming they keep the fees, think of it like this: (assuming you are the only investor)
You invest 100 BTC into both BetKing.io and BitcoinBetting.website.
Someone bets 1 BTC at BetKing.io - your expected profit from that bet is 0.01BTC (1% edge, not counting fees).
Someone bets 1 BTC at BitcoinBetting.website - your expected profit is 0BTC