Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
Rannasha
on 07/12/2013, 23:15:09 UTC
Hm... yesterday i tried investing 1BTC. I came back a hour later and it dropped... another hour later it dropped even more. The next day it had been dropped way more... at the evening its even way more now... I cant really see a house advantage of 1% here. With the mass of bets happening it simply makes no sense to me that this big amount of bets turn out to have this result.

The winning end losing bets are really spread fairly about all invested coins or is there some early investor advantage or so?

Anyway... i will watch this some more days but with this amount of random calculations this result doesnt make sense anymore to me. You know... throwing a dice often enough you will get more near the result to having nearly the same amount of all 6 digits as a result. And there has to be thousands of bets in the last day.

Its strange at least...

@nicolaennio... no martingale doesnt work. You cant beat luck this way. I hope you wont try it to make a fortune since you only will lose at the end. If you dont believe me ask google for explainations.

If you take a look at the charts listed at http://bitcoinproject.net/just-dice-casino/just-dice-charts/profit-chart (especially the 2nd on that page) you will see that the profit follows the 1% of amount wagered curve reasonably well, but that there are spikes up and down when either the house or the gamblers get lucky. Right now, the site has not been very lucky for the last few days, causing loss to investors.

A 1% house edge is really small and while the numbers of bets on JD is very high, but most bets are dust-sized and the actual wager-amounts are often dominated by a handful of large gamblers. They can easily hit a good streak with such a small house edge.