Post
Topic
Board Off-topic
Re: [EDU] Provably fair and how it can be exploited by casino owners against you.
by
kingsportzrulz
on 08/09/2013, 13:43:54 UTC
How is it that someone can take a liking to someone they have never met and only after a few brief exchanges. Dabs you are a good guy. You seem to be coming from an academic/statistical perspective, and there is no fault with anything you have said based on that perspective.

You are not focusing on the correct particulars however. Take your 10 million bets from PD, JD and co and remove 99.5% of the bets. Remove all the micro bets and lets talk about bets only at 0.5 btc and above.

My point of contention is - quote "Quote 1 “Bet Discrimination Under the assumption that an investigator will not place high stakes to investigate cheating, the house can safely offer a fair game to those using play money or very low stakes. As the bet size increases, so does the probability of an exploit."

If you are able to do so, please run your analysis on the data of PRIMEDICE for bets 0.5 btc and above and report what the house edge is currently for those, and only those, bets. (For the record, i believe Just-Dice to be far superior and fair from my experience.)

Quote from TrevorXavier post : "If a house cheated, they would eventually get caught. Not necessarily. The house only needs to bring their theoretical house edge to 1-2% to see significant gains. Additionally, if the house concentrates its cheating on a minority of players that it can safely assume is not investigating exploits, the cheating can continue without detection."

Dabs, if you do manage to calculate the house edge % for PD for >0.5btc bets, I'd be most interested in your explaining same should that % come back at 2% or better.