Re: [SafeDICE.com] Low 0.5% Var House Edge - Fast Cashout & Bet - True Provably Fair
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%).
So I'll update my guess:
Quote
We take 10% of (house_edge) of every bet directly from the bankroll as commission.
If the bet was made by a player who was referred, we take 10% of min(1%, house_edge) of the bet amount out of our commission and give it 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 are the same as the commission for bets with a house edge of 1% or less, and less than the commission for bets with a higher house edge - so if every player has been referred and nobody ever plays with a house edge over 1%, the referral fees are exactly the same as the commission.
If the bet was made by a player who was referred, we take 10% of min(1%, house_edge) of the bet amount out of our commission and give it 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 are the same as the commission for bets with a house edge of 1% or less, and less than the commission for bets with a higher house edge - so if every player has been referred and nobody ever plays with a house edge over 1%, the referral fees are exactly the same as the commission.
Is it right now?
Some examples:
house edge: 0.5%
commission: 0.05%
affiliate: 0.05%
house edge: 1%
commission: 0.1%
affiliate: 0.1%
house edge: 1.5%
commission: 0.15%
affiliate: 0.1%
house edge: 2%
commission: 0.2%
affiliate: 0.1%
house edge: 10%
commission: 1%
affiliate: 0.1%
My concern is that almost every bet is going to have a house edge of 1% or less, and most big players are going to make sure they have been referred by themselves or by a friend. So how does the house cover expenses when it is giving all its commission away to affiliates?
Edit: I notice profit and investment are both up this morning. Profit is positive for the first time in a while, and investment is over 25 BTC. Nice work.
