Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
Peter R
on 28/09/2013, 17:56:16 UTC
Hi Doog.  Sorry to keep beating this horse, but can you confirm whether this is true:


Investor A and B deposit 100 BTC each.  

Investor A selects 0.25% and Investor B selects 1%.  

A whale makes the max bet.  Investor A risks 0.25 BTC on this roll and Investor B risks 1 BTC.  Should the whale win, Investor A would be left with 99.75 BTC and Investor B would be left with only 99 BTC.  

A smaller fish comes along and makes a bet to win max_profit / 10.  Investor A now risks 1/10th * 0.25% of 99.75 and Investor B risks 1/10th * 1% of 99 BTC.

In other words, they gain or lose in proportion to what they risk per roll.  

If each investor could hypothetically react instantly to maintain their balance at 100 BTC, then Investor A would earn an income stream identical to Investor B, just scaled by a factor of 4.  

And on and on...