Post
Topic
Board Gambling
Re: 🎲EOSBet.io - Licensed Casino Platform 🎲Provably Fair 🎲NOW ACCEPTING BTC ₿
by
game-protect
on 23/05/2019, 08:17:03 UTC
Anyways, i just see now it shows expected ltc and btc dividends, it is a great addition.
You are obviously too stupid to understand what a dividend it! Cheesy

If you invest money into a company, then you will get a share of the profit the company made = dividend

But at EOSBet you can not invest money to get a share of the profit!

At EOSBet you need to play with - 1,5% EV to get BET fantasy tokens and this is called rakeback and not dividend!

Rakeback is getting a part of the money you paid back. Pay money is not dividend in the real world! Wink

Despite of this and as my calculation already has shown, the BET fantasy token reward system will give you a huge net loss! Cheesy

Let me calculate:

1) 125 Bitcoins wagered = 10,000 BET fantasy tokens and therefore 12.5 Bitcoins wagered = 1,000 BET fantasy tokens

2) 12.5 Bitcoins wagered for 1,5% house edge = - 0.182 BTC = - $1,450 loss

3) 100 EOS x $6.50 = $650

To receive 1,000 BET fantasy tokens you will lose $1,450 and then you maybe can sell them for $650 and your final loss is - $800! Grin

Next time brain wash better EODBet investment fraud scheme! Cheesy