Post
Topic
Board Gambling
Re: [New Player vs Player] Blastabit.com [In Development]
by
BoXXoB
on 11/12/2016, 20:38:24 UTC
Now onto the fee's, When two players are matched up and the game is played out and a player has won, the winning player will have 2% (same fee as if both players had 1% taken from both of their bets) of the winnings subtracted from the profit from the match. By no house edge we mean that both players will have an equal chance of winning instead of if you were to play against a house where the house would have a 51% chance to win and you would have a 49% chance to win Smiley
If you (theoretically) have a 50% chance to win, that 50% chance to win would be for a x1.96 multiplier, which is a 2% house edge. A 50% chance to win x1.98 is offered on dice sites with a 1% house edge. A 50/50 chance to win does not make a game not have a house edge. To make a game not have a house edge, the expected value must be 0.

If you want to run a game without a house edge, but still want to make money, consider doing what iirc BitKong used to do (not a PvP game btw). They charged a 1% withdraw fee and ran their main game (a provably fair game) without a house edge.

Didn't think of the fee on withdrawal myself. Gave it a thought but this didn't pop on my mind. A great idea the admin should consider. A PvP game shouldn't perhaps have a fee during the game itself.