I don't think that's slight advantage of the casino, some casinos I have played have the lowest of 0.50% and yet they are still profitable. For sure that casino OP is playing is not popular as who would ever play that huge house edge, it's not competitive anymore and it will not attract more players and investors at the same time.
That unpopular casino you're saying is freebitco.in they are the only site that have a 5% house edge on their dice game.
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.
I think that site is wrongly displaying house edge numbers as hi or lo ,technically to be called hi it has to go above 50 as per my example above,so if chose lo and rolled say 47 ,it must be displaying it as hi making me believe they never use house edge numbers in game
The site isn't wrong because thats the how high they set their house edge. If you want to bet high or lo than 5000 then set the win chance to 50% your payout decreases to 1.90 it should be 2.00 if theres no house edge so every winning roll they get 10% of your profit.