lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805
lets do the math or better you do it
Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets
player will hit JP in average once in 250 070 bets
JP is wager (10k bits) x 2 000 = 20 BTC
now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE
I get 2% HE is ~50 BTC (50014000) expected profit for app owner and MP/Investors.
split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC
MP/Investors pay out the 20 BTC JP so it is still +EV
from players view it is that he did a nice turnover of 10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP
please correct me if I am wrong
imo a very confusing JP set up and we will try to find another JP for our sweeper
https://www.moneypot.com/bets/640260805
lets do the math or better you do it
Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets
player will hit JP in average once in 250 070 bets
JP is wager (10k bits) x 2 000 = 20 BTC
now the most important part is (IMO) the math 10 000 wager x 250 070 = ?
and then please do the math and find the result for 2% HEI get 2% HE is ~50 BTC (50014000) expected profit for app owner and MP/Investors.
split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC
MP/Investors pay out the 20 BTC JP so it is still +EV
from players view it is that he did a nice turnover of 10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP
please correct me if I am wrong
imo a very confusing JP set up and we will try to find another JP for our sweeper
You're forgetting about the ~96% of the time that the player wins 125 bits.