Post
Topic
Board Gambling
Re: [SafeDICE.com] Low 0.5% Var House Edge - Fast Cashout & Bet - True Provably Fair
by
SafeDice
on 01/12/2014, 15:54:59 UTC
It's hard to follow you exactly.

Can I take a guess at what you're saying, and you correct me?

My guess:

Quote
We take 10% of the house edge of every bet directly from the bankroll as commission. If the bet was made by a player who was referred, we give 20% of that 10% to the person who referred him.

In other words, your commission that you charge investors is 10% of (house edge)% of the amount wagered, rather than 10% of actual profit, and the referral fees you pay at 2% of (house edge)% of the amount wagered - so if every player has been referred, the referral fees are exactly one fifth of the commission.

Is that right?


If so, referral payments aren't "up to 0.01%" as you wrote, they are "from 0.01% to 0.2%". Imagine everyone bets at the maximum house edge of 10%. Your commission is 1%, and the referral fees are 20% of that, or 0.2% of the amount wagered. So maybe I got something wrong, or maybe you did. Smiley

Ah, I just re-read my post again, and its my fault being unclear and have a typo in the site's explanation Embarrassed. Let me try to clarify:

Quote
We take 10% of the house edge of every bet directly from the bankroll as commission.
Exactly. This one is correct.

Quote
If the bet was made by a player who was referred, we give 20% of that 10% to the person who referred him.
No... So sorry, this is where I made the typo that confuse you

We give all of the commission to the referrer up to 0.1% of wagered amount (it should be 0.1% instead of 0.01%).

This means the referrer will get all the commission for bet with 1% H.E. and less. More than that, the commission will be shared with the site op.

The copy feature works for me. The button just doesn't change colour when I hover over it. Most buttons do.

Got this fixed! Btw, if you noticed those button is made from Flash element Cheesy