Post
Topic
Board Gambling
Re: [ANN] SafeDice.com - 1% House Edge | Optional Variable Edge | Investment
by
dooglus
on 16/11/2014, 04:15:12 UTC
Currently, the house edge is capped at 3%, and we'll lift it to unlimited very soon, that means you can take away the whole bankroll with a single bet under a high house edge, stay tuned guys!

I don't think so:

You can win 0.5% of the bank with a 1% edge,
Win 1% of the bank with a 2% edge, etc.

So to win 100% of the bank, the house edge would need to be 200%.

percentage_chance_to_win = (100 - house_edge_percent) / payout_multiplier

If the house edge goes bigger than 100%, the player's chance to win goes negative...

So the most you can let a player win in a single bet is 49.99% of the bankroll.

At that point, supposing they want to double their money, their chance to do so is (100 - 99.98) / 2 = 0.02/2 = 0.01%.

So that's a one-in-ten-thousand chance of doubling their money.

In other words, there's a point at which it becomes silly, and the player would be better off just using a site with a bigger bankroll...