Post
Topic
Board Gambling
Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
by
TheQuin
on 14/09/2018, 09:39:55 UTC
Yes, I know. But I was under the impression that the house edge was initially much lower and
was raised to 5 % at a later date.

The site was originally funded by advertising and had a 0% house edge dice game just for fun. After about two weeks the bots turned up and started abusing the faucet so the 5% house edge was added. It was originally intended to be reduced but wetsuit stumbled on a sucessful business. It turns out there are many people that are far more interested in the extras we give and really don't care about the house edge. Over time advertising revenue dried up as rates reduced for incentivised sites and the site evolved into what it is now. We could completely change our business model and go and compete with dozens of other sites in the crowded low edge sector or we could ignore the few complainers and continue the way that works for us.