Post
Topic
Board Gambling
Re: Primedice | Creators of Dicing 🎲 | Most Popular & Trusted | 109 BTC Jackpot!
by
RHavar
on 29/09/2017, 16:08:10 UTC
Ughh, fuck, I was wrong
9999 combinations x 9999
You're right
Sorry

Wow, that is hard to hit!
Even if it was 1 : million it would need to be over 160BTC to be profitable
So this way it would need to be 16 000BTC  Shocked

Hmm, that doesn't sound right.

My back of the envelope calculations is anything >1000BTC.  Each bet you have 1 in 10 million chance of winning the jackpot. To qualify for the jackpot you have to "spend" 0.0001 BTC in EV. So I think you can model it as approximately: (1 / 1e7) * jackpot - 0.0001 = 0 which gives you jackpot = 1000 to be 0EV, and thus everything above that "profitable"