Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
dooglus
on 16/09/2014, 19:29:41 UTC
It would be interesting to look at the Bitcoin gambling sites that allow investment and look at the return on investment : is it always less than the expected return?

Not always, but often:

http://cryptobettingindex.com/dice-invest/

JD performed much worse than expected, and DD performed a little better than expected:

Just-Dice:

profit %: 0.358918%
bets: 1,269,212,581
wagered: 5,321,023.05358971 BTC
profit: 19,098.09848411 BTC

Doge-Dice:

profit%: 1.164336%
bets: 611,254,823
wagered: 91,725,150,532.35952759 DOGE
profit: 1,067,989,011.50250530 DOGE

Edit: I just checked that cryptobettingindex link and the math seems all wrong:



On the 3rd row, -85 is less than -1% of 8.3k for instance, not -0.977%