Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : *** shutting down - please withdraw your coins ***
by
boumalo
on 19/07/2014, 12:03:43 UTC

Yes, but you can understand why then don't want the competition. Their games have a 50% house edge or so...

Pa lottery sales were $3.7 billion last year, of which they gave slightly over $1 billion to programs that benefit Pennsylvania’s elderly population.

The kicker is that administration costs were over $40 million. Now you just ran a game where the theoretical house edge was 1%, but in actually ended up 0.356%. Your administrative expenses were 10% of that number.

So there administration costs were over 1%, and they have no fear since they don't use a RNG. There should be a government organization to protect citizens from that kind of thievery.

Wait a minute ....

You compare the administration costs (that you minimised) to the lottery sales so you should compare the amount of BTC played to the JD administration costs to be fair