Post
Topic
Board Gambling
Re: ODD - EVEN win 198% | Provably | House edge 1%
by
mOgliE
on 22/12/2016, 23:57:06 UTC
I may try this now the house edge is somewhat reasonable.  However, is it actually 2% house edge and not 1%???

If i bet my $1, i would win $1.98 which is a 98% return making it a 2% house edge correct?

I don't know, it's only a question of what you call house edge

Because what happens is that if you bet 1 and lose well you just lose 1
but if you bet again and win you'll get 1.98
So you've bet 2 and returned 1.98. House only took 1% of your bets

At least that's how I understand it, might be wrong though, it's all about how you understand the definition of the house edge ^^