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Btw, how much is the house edge for Dice?
According to their investment page the edge on dice is 1.9%. This agrees with their payout of x2.00003 when less than 32145 (49.049% chance)
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If the player placed a bet of 0.25BTC and won a x1215.92 multiplier well this is not a joke amount of winning. Its a big amount of bitcoin take note not satoshi. I don't know if this is only a way of hyping the people just to seek more player to play in the games. Do you have any proof of this things?
A player made this bet and won, it is publicly viewable in the "big wins, last 30 days" list. I do not advocate playing or investing at satoshidice. In fact, I advocate the opposite; this site has gone to shit and everyone should cash out immediately.
The edge on the slot game is higher than on the dice, so the Kelly criterion allows higher bets.
The SatoshiSlot has a theoretical payout percentage of 96.5%. This however cannot be determined to the same precision as the dice, as in the slot the RTP/edge is calculated by a simulation, known as the "theoretical payout percentage" or RTP, "return to player".
The max bet on the slot game is not automated as on the dice, it has to be done manually. The slot game has many paylines, it doesn't really work well if the bet sizes on the slot game would be in increments of 14.235, 18.503, 26.322 instead of 10, 15, 25 ect.
There are similar wins with lower bets. Overall, Satoshidice paid out more than the expected value to investors since the start, meaning that the bets actually generated more to investors than the expected outcome.
If the bankroll decreases further or more investors have an opinion about it, we will lower the max bet.
This is bullshit, the game designer can determine the exact RTP because they programmed it; no casino would run a game on which they did not know their exact return. You deceive investors into thinking you are employing a legitimate Kelly criterion strategy but clearly there are no fucks given about your legitimacy. It's about time SatoshiDice went the way of the dodo, you've made Erik a sad man.