Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
ranlo
on 09/06/2014, 02:32:45 UTC
Great job this week guys.  Your coins worked hard for us and somehow managed to retain over 5% of the amount wagered!

Quote

Jun  9 2014     2.06%   142.75%

Can you please clarify this? You said there was a 5% retention (ie. house edge) but the profit was only 2.06%?
Obv 5℅ of what was wagered

Or not. 5% of what was wagered would be a 5% effective house edge (aka "profit"). Let's put it into a mathematical formula you can utilize:

5.00% profit = 2.06% profit, false

Here's a link to help you verify that (though this is basic mathematics):

http://www.wolframalpha.com/input/?i=5%25+%3D+2.06%25