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Doog proposed a solution: make max bet a market. You choose what your tolerance is and the site will adjust. Mech could have set his to 0.25%, I would have kept it at 1%, every investor votes with their wallet. From there you get the max bet and the proportion to be paid out to each investor.
No controversy, no arbitrarily choosing numbers. House edge can remain fixed so that from the player's point of view, nothing changes or is unfair.
No controversy, no arbitrarily choosing numbers. House edge can remain fixed so that from the player's point of view, nothing changes or is unfair.
The more I think about this, the more I like it. This is doable.
It would be cool. Big work for Doog however.
Only way for the house to limit min/max spreads is to put each user in a "time out" in whatever min/max bracket they're in. But then they'd just open a 2nd account and both each bracket with a different bot.
min/max spreads is the reason physical casinos don't get hammered like this. It's also because they can keep track of physical humans.
I think you're over thinking it:
every users sets their percentage on a scale from 0-100% (someone may want to go crazy and make it 100%, literally gambling).
Maximum bet is continuously calculated, like it currently is, but change the cacluation to:
sum of each user (user bankroll * user risk percentage)
each win/loss is attributed to each user, exactly like it is now, but with different calculation:
percentage of gain/loss = (user bankroll * user risk percentage) / site max bet
really easy to implement, fits right in to the existing calculations and infrastructure