If the casino owner wagered EOS worth $500 million and private players wagered EOS worth $50 million, then the casino owner gets 90% of the BET fantasy tokens and 90% of the 70% profit share!
One
noob brain dead question :
What will happen if a group of private players wager EOS worth of $5000 million in above scenario ?
$5000 million wagered with 1,5% rake = $75 million rake paid.
Casino owner gets 30% of the $75 million rake = $22,5 million.
Still, owners will not lose on wagering EOS worth $500 million?
$500 million wagered with 1,5% rake = $7,5 million rake paid.
1) Casino owner gets 30% of the $7,5 million rake =
$2,25 million.
2) For the $7,5 million rake paid to himself the casino owner gets BET fantasy tokens that will get 70% of the $7,5 million rake paid =
$5,25 millionHence, casino owner wagered $500 million and paid $7,5 million rake to himself and gets 1) $2,25 million + 2) $5,25 million =
$7,5 million rakeback and lost nothing except the EOS transaction fees.