Post
Topic
Board Lending
Re: Casino suffering negative house edge
by
Birdy
on 24/04/2013, 22:06:28 UTC
I don't understand how you could be suffering from a "temporarily negative house edge". Roulette always has a positive expectation for the house...the edge is always in favor of the house. Are you experiencing negative variance? How much do you need and what are your terms? I agree with the previous poster that if you are soliciting for investments you should do it in the open. Are you willing to open your books to potential investors?

Well I've got nothing to hide as is, some more sensitive information will be given out to investors/lenders. Roulette does always have a positive expectation for the house in the long run, problem is in the short run you can actually lose money to players (e.g. someone hitting a Straight Up or hitting a lucky streak with large sums). You'd be surprised to find out how frightening it is to most casino operators, I personally know one who had a player deposit 50 euro and win 80k, lost about 70k before he could withdraw but still came out at a pretty steep profit, I can just imagine the operator sitting next to that monitor and refreshing that window every second while sweating non-stop  Tongue.

This explanation is plausibible. But you should still post at least some details, like about how much Bitcoins are you talking?
1? 1000?