Post
Topic
Board Gambling discussion
Re: Which Casinos Have the Lowest House Edge?
by
Zicadis
on 13/10/2019, 20:44:49 UTC
Bitbook only takes a small cut for their service. around 1-5%.


Since when is 5% a small cut?

That sounds like a ridiculously high house edge to me.

Without them telling the house edge we can still use the win chance to determine how big they've set it. On dice sites with 1% house edge the win chance for x2 is set to 49.5%. Trueflip shows their win rate is at 47.34% since it's 1% for every 0.5% win chance the house edge is slightly above 5% they don't show it because of how high it is(just like on most slot games) and this is probably the highest house edge on dice.

That's the issue I am facing. A lot of sites aren't actually that transparent about their house edge, or there is some sort of sneaky mechanism behind it that makes it more than it initially appears.