Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Play or Invest : 1% House Edge : Banter++
by
solex
on 01/10/2013, 21:11:17 UTC
A wagered amount of 3,773,544 with a house edge of 1% implies expectation of bank profit of 37,735.
JD is 40,000 below expectation. That is 3-4 Nakowas. Rather strange.

Indeed. And then consider the investor bankroll is approximately the same as 37,735, and that JD has only been running a few months. So, is it reasonable for all the investors to expect a 100% profit after a few months?

Or is it more likely that there is not 37,735 of coins in gamblers hands which are prepared to be lost and the 3.7m total turnover is much higher than would be supported by organic growth because for some reason the 1% edge is not having the expected effect of draining the supply of gambler coins.