If I remember correctly that's a 2.5% house edge, meaning that the casino gets a slight advantage with their odds so that you're basically playing to lose.
If it was 50/50, it would be possible for a lot of people to walk away with more money than they started with. With a house edge, it limits that for a lot of people.
Im puzzling over how they secure the 2.5% house edge, because it will be either hi or lo
Before i choose hi or lo for next roll i have 50% chance at that moment
After i choose say hi, how does my chance of winning increase or decrease
Simply,
0 to 4750 = LOW
4751 to 5249 = HOUSE EDGE
5250 to 10000 = HIGH
There are three choices, but you can only choose two of the three.
No number will come on display that is between 4751-5249
The winning number displayed will be either low or in hi range
Example
Numbers used are 1 to 100
House edge 5%
Hi above 50 and lo below 45
The rolled number will never come in 45-50 range, it will be either of hi or low range, the numbers 45,46,47,48,49,50 are not even used ingame
No, the numbers between 45 to 50 will come up.
Because you haven't seen it yet, does not mean they do not exist.
If the game has a House Edge, it will do as I have described.
Your 50%/50% chance of winning is actually something like 49%/2%/49%.
If the House Edge number pops up, neither HIGH or LOW is the correct guess.