Post
Topic
Board Beginners & Help
Re: New Member
by
JoshYouArent
on 02/01/2014, 09:39:01 UTC
Please correct me if i'm wrong but if the players have a positive "expectation" You will have a negative "expectation"
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.

I'm sorry ,maybe I didn't explain clearly  because my mother tongue isn't English

The payout must associate with the prize pool in a positive "expectation" game. and the payout must be limited
for example:

dice from 1-100

your bet = 1BTC  
the prize pool = 100BTC
the payout no more than the pool
Prize: #1  chance   1%       dice =1                payout:   20+(pool/10) x   = 30 BTC     expectation=0.3
Prize: #2  chance  25%    1Prize: #3  chance  74%   25have a negative "expectation"
but  when the prize pool grow   the  "expectation" will be positive
your bet = 1BTC  
the prize pool > 300BTC
Prize: #1  chance   1%           dice =1           payout:   20+(pool/10) x   > 50 BTC     expectation>0.5
Prize: #2  chance  25%      1Prize: #3  chance  74%     250.5+0.5+0 - 1 > 0

so the prize pool will float near 300BTC  

this is just a simple example


No problem, your english was perfectly understandable.
I didn't think you had thought it through but it seems good.
I'm far from a mathematician lol but that makes sense to me, nice work.