Post
Topic
Board Gambling
Re: How are gambling sites dealing with edge competition?
by
Lamigo
on 29/08/2014, 06:37:11 UTC
We had quite a few people at Just-Dice asking when I would add roulette... I tried explaining that roulette was just dice with less choices of payout and a much bigger house edge, but they don't care.

You should have just created a Just-roulette to earn more for yourself and your bankroll investors lol.


When you have a roughly 50/50 chance of doubling your money or losing it all, you don't care if the chance is 49.5/50.5 or 47.3/52.7 - it's still pretty much 50/50.

And maybe it's all fate / lady luck / karma to the gambling mind anyway, so the probabilities themselves don't matter at all.

I have seen some gamblers using martingale and hoping to double their bitcoin, without understanding the chance is a lot worse than 49.5%.