Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
chriswen
on 26/09/2013, 03:06:53 UTC
Comment on variable house edge.

I think this is a great idea.  Well, considering the current outlook of things (Capped max bet), it seems like we must reach a compromise.  By increasing the max bet you lower variance and at the same time allowing whales to bet more.  As other sites don't offer such high bets, a premium is no big deal.

I'm not sure how you'll be implementing it but I have something in mind.

A tiered system will not be the best as there will be significant changes between tiers.  Its not really the best solution.

A better solution would be doing something like a tiered tax system.  Higher tiers have a higher tax rate but they only need to pay the higher tax rate on the earnings in that tier.  This way, if you bet 0.000001 more btc the house edge isn't doubled.

And if this was implemented in a thoughtful way to decrease variance I think we could be seeing 2% house max bet (well at least 1%).

Also, how are the tiers being decided.  Is it hard tiers (50 btc) or soft tiers (0.25% of house edge).  Or it might be a mixture of both.

Yeah, so I offer some suggestions and I was just wondering how variable house edge would be implemented.  I think it's a great idea to offer investors higher return with not a lot more variance.  And it'll also attract whales with their high roller strategies.  They can't bet this much anywhere else so asking for a premium is okay.