Re: JungleCasino.io | Fully decentralized Smart Casino | Low House Edge 1% | No KYC
The idea itself behnd the casino aint bad, being onchain and animals are a new angle aswell.
I do have a few issues with it however.
Right now the max bet on slots is 0.49 Matic.
The fees are ~0.02 - 0.1 Matic. - This GREATLY reduces the players ability to win anything back.
AND MORE IMPORTANTLY:
When i made a 0.49 Matic bet - the TX(0.2 Matic) + bet = total cost of 0.79 Matic. - I LOST THIS BET. IF i had won, i would get back 0.98 on a win
I tried once more with a 0.25 Matic bet - the TX (0.284 Matic) + Bet = total cost 0.55 Matic. - IF I WIN 2x i would get back 0.5
Right now. Even if you win, you loose.
I find the current system extremely dishonest. IF i make a bet with amount X, i expect to pay X + tx fee. NOT baked in extra fees.
I do have a few issues with it however.
Right now the max bet on slots is 0.49 Matic.
The fees are ~0.02 - 0.1 Matic. - This GREATLY reduces the players ability to win anything back.
AND MORE IMPORTANTLY:
When i made a 0.49 Matic bet - the TX(0.2 Matic) + bet = total cost of 0.79 Matic. - I LOST THIS BET. IF i had won, i would get back 0.98 on a win
I tried once more with a 0.25 Matic bet - the TX (0.284 Matic) + Bet = total cost 0.55 Matic. - IF I WIN 2x i would get back 0.5
Right now. Even if you win, you loose.
I find the current system extremely dishonest. IF i make a bet with amount X, i expect to pay X + tx fee. NOT baked in extra fees.
Good point here. This is the disadvantage of using on-chain bets on games like slot since you will need to spin bunch of it due to the nature of its game. But this maybe the reason why they reduce house edge to 1% since typical slot game usually have 4% house edge in average which is significantly higher to the games they offer.
I better the better solution on this is to have other option of blockchains that offer almost free transaction fee such as Optimism. But those fee is already compensated by there low house edge in my opinion.