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Board Beginners & Help
Re: Want to know about Provably fair...
by
ranochigo
on 28/07/2014, 15:25:57 UTC
I see some gambling sites mention that they are provably fair. They provide some seed and ask to check some hash or whatever. My question is, can this fairness really be checked from outside ? Where are they twisting to make sure the house's win ?

Yes, it can.
.....

P.S. This's only principle, and can be used in various way. You should check description on particular site.

Thanks wusolini, you explained very well, I also always thought how probably fair work.

You're welcome.

I see some gambling sites mention that they are provably fair. They provide some seed and ask to check some hash or whatever. My question is, can this fairness really be checked from outside ? Where are they twisting to make sure the house's win ?


Yes, it can.

.....

That is an awesome explanation. I wonder how the house make sure that they win in the long term ? Do they really gamble with the user choice ?

I'm glad you understand, I've tried to make it in simple.

there is always a some formula, that guarantees long time profit to operator. And if not, it can be just adapted  Wink. So don't worry, casinos will never bankrupt (as long as they have active players)




So, do u mean, the program inside is rigged for the long run that make sure the house will always win ?
I think he meant house edge can affect the profits. Variable house edge will increase the house edge if the house lose BTC and decrease when the house have more profits.