Re: [SafeDICE.com] Low 0.5% Var House Edge - Fast Cashout & Bet - True Provably Fair
Many (good) posts and reports to reply! Thank you guys 
I don't see how it could. The site was apparently always taking 10% of the house edge as commission, only now they have decided to give some of it to their affiliates. What they do with their commission is up to them, and doesn't affect the investors, since the investors were going to be paying it anyway.
What I'm wondering is when is the commission charged? I haven't noticed it going out of my investment each time someone bets, but maybe it does.
Yes, it doesn't affect current investors.
And yes, it is taken each time someone bets.
So I'll update my guess:
Is it right now?
100% correct!
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.
Actually we are thinking of similar concern in the beginning. But we finally think this might be a good idea, especially with limitation on 1% H.E. calculation (to minimize loss when people referring themselves). This model rely that some player / whale will try to play on > 1% H.E., and not all players use referral system. This model succeeds if: number of high wager that comes from referred players is higher than the commission it takes to cover the referral fee. We might adjust the percentage in the future if this isn't working, but hopefully we don't have to.
Andd... Yes, the site is in profit... One of our loyal player made a few losing bets yesterday
Will the affiliate program affect current investors?
I don't see how it could. The site was apparently always taking 10% of the house edge as commission, only now they have decided to give some of it to their affiliates. What they do with their commission is up to them, and doesn't affect the investors, since the investors were going to be paying it anyway.
What I'm wondering is when is the commission charged? I haven't noticed it going out of my investment each time someone bets, but maybe it does.
Yes, it doesn't affect current investors.
And yes, it is taken each time someone bets.
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?
100% correct!
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.
Actually we are thinking of similar concern in the beginning. But we finally think this might be a good idea, especially with limitation on 1% H.E. calculation (to minimize loss when people referring themselves). This model rely that some player / whale will try to play on > 1% H.E., and not all players use referral system. This model succeeds if: number of high wager that comes from referred players is higher than the commission it takes to cover the referral fee. We might adjust the percentage in the future if this isn't working, but hopefully we don't have to.
Andd... Yes, the site is in profit... One of our loyal player made a few losing bets yesterday