Post
Topic
Board Gambling discussion
Re: Dice games
by
Saint-loup
on 27/02/2021, 18:04:23 UTC
There are legit casinos around which I believe don't cheat gamblers in anyways. Pre-programmed codes can't do it in a provably fair system. The point (which is public and well known for all users) is that the casino has a house edge, which gives a small percentage advantage for the house on long run. Most common house edge values are between 1%-2%.
It means the gambler won't play dice doubling the base bet on winning with 50% chance of success. The success chance will be between 49%-48% for the house edge values above, respectively. The house has always a slight advantange on every bet and once the gambler starts playing he must be aware about it.
Most common house edge values are between 1 and 2%?  Huh Where have you seen that uneng?
No you are really undervaluing them. They are commonly above 4%.
For example the house edge of Freebitcoin is 5%, the HE of Yobit dice game is 4%, the one of Roobet crash game is also 4%, the HE of Rocketpot crash game is 3%...