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Showing 2 of 2 results by DeanG
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Topic
Board Gambling
Re: OneHash || bet with bitcoins || no registration, ads and pop-ups
by
DeanG
on 06/11/2017, 12:51:03 UTC
Quote from: OneHash on March 19, 2015, 11:45:53 AM
mechanism of betting at OneHash is very simple and clear.

in each bet there are several results you can bet on (depending on discipline, contest or specific event). you decide how much BTC you want to stake for which option, and you put them in the bank. after finished event, all players who bet on won result gets their BTC and all of BTCs bet on all other results that didn’t win.

winnings are distributed accordingly to proportions of all bets placed on won result.

OneHash is not a bookmaker - users play against each other, not against the site. we only take 1% commission.
(this information will be included in our 'Help' section - we hope to get it work today ASAP)


Well....  wow....  since two years ago you moved from 1% to 5% .....  not bad......

however, could you please explain following based on an example :

"     You have to use the formula as below:
    (bet amount) + [(weighted bet amount) / (total weighted volume on bet side) * (total volume on the opposite side)]. "

Thank you
Post
Topic
Board Gambling
Calculations
by
DeanG
on 06/11/2017, 12:36:05 UTC
Hi,

could you please explain following based on an example :

" You have to use the formula as below:
(bet amount) + [(weighted bet amount) / (total weighted volume on bet side) * (total volume on the opposite side)]. "

Thank you


EDIT :  Sorry... This question was addressed to #OneHash, but somehow I think it got a "wrong destination". (@admin)If it is so, please delete it.