Post
Topic
Board Gambling
Re: [SafeDICE.com] Low 0.5% Var House Edge - Fast Cashout & Bet - True Provably Fair
by
SafeDice
on 02/12/2014, 15:16:10 UTC
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.

There aren't many thing we can do to fully prevent this. But basically we are against player who refer themselves, this is also the reason why we cap the referral fee to 0.1%. Hopefully a player who wager 1 BTC or more wouldn't mind to share 0.1% (0.001 BTC) for the site's growth.

If my explanations are right, everything seems to be ok.. But please let me know if you don't think so Wink

I think you cleared everything up, thanks. I wasn't thinking about the commission being split between all the investors.

Maybe consider holding player balances to 1 or 2 extra decimal places. If I refer a play who makes a million bets of 1k satoshis each, the way things currently stand I get nothing at all for it. Each bet earns me 0.5 satoshis, which is rounded down to 0. If you added up all the half-satoshis, I'd end up with 500k satoshis, or 0.005 BTC.

Nobody minds losing half a satoshi, but losing a million half satoshis is a different matter. Smiley

Thanks for the comprehensive test Doog, good to know that everything works as expected.

Let us think about saving the extra decimal places, because of some technical concerns. Otherwise we'll state the rounding mechanism in the site's explanation.