Granted winning is not guaranteed, but have lost to 12% since joining the house early January.
There is really no guaranteed profit over gambling and even if the style of playing is very easy it is not really easy winning it cause it has a risk even if the house edge is 12% there is still a risk to take over playing it, and I think even if they say that the house edge would just be 1% are you really sure it is 1%? they would still want to profit on their site and we could never really know the real percentage of a gambling sites house edge if we would not personally try it out.
the house edge can not be 12% because it means nobody will ever play at that casino!
the 12% OP is talking about is the amount he has lost in that dice site. and that place is a bit strange to me, i don't see any wrong doing in it but they have a big house edge (which is bigger than the regular 1%) so obviously players should lose more but also the investors are losing money! how can these two happen at the same time?
And I am not also saying the house edge on Satoshidice in 12%, I said "IF" the house edge is 12% even if you say that 12% would be to high to be the house edge that nobody would ever want to play in a casino again, I think gambling sites would really not want to give out the exact percentage of it, and I think even if gambling would have a 1% house edge, it is still risky gambling is still gambling winning in it is not a mere walk in the park.