Can somebody explain to me how profit and losses sharing will works here?
Case one - player wins 1 BTC from any moneypot app in single bet.
What I know is -
40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC
Investors need to pay - 1BTC+ 0.004+0.001 = 1.005BTC in total will disappear from the investors account.
Case two - player losses 1 BTC in any moneypot app in single bet.
What I know is -
40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC
40% to investors - ( 40% of the house edge) equals to - 0.004 BTC
All together is 0.009 BTC
If we deduct this 0.009 BTC from 1 BTC = 0.991 BTC
Please explain to me who will take this 0.991 BTC and how it will be distributed
I know my understanding is not correct. Thanks
First of all, with 1% house edge, to win 1 btc with a multiplier of 2, the one who is betting must wager 1.01btc.
Case 1: 50% of house edge goes to MP, 50% of he to app owners, and investors have 1btc loss
Case 2: he is the same as in case 1, 1btc goes to investors
Edit: multiplier