Since it was brought up -- in another thread i thought i'd repost it here.
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Imagine someone bets 0.01 BTC at 1% win chance, and they bet 100 times. The player has an expected loss of -0.01, the casino has an expected win of 0.01 BTC. But they've promised the referrer 5% of the total losses or: 0.0495 BTC. In other words in this case, they're promising the referrer ~5x the amount they're actually making.
I tested it a few months back -- had an affiliate (who shows up in the stats) who (iirc) deposited 0.05 BTC and churned the money until it was nothing. And I unsurprisingly never got a satoshi in affiliate earnings.
I tested it a few months back -- had an affiliate (who shows up in the stats) who (iirc) deposited 0.05 BTC and churned the money until it was nothing. And I unsurprisingly never got a satoshi in affiliate earnings.
I do not really understand what are you talking about.
"Since it was brought up" , do you mean "it" refers ro chainroll?
Because I cant find anyone talked about chainroll in another thread
It refers to the referall comission that chainroll is offering since it was brought up in diceninja thread from the conversation of lorenzo and dooglus
Espringe was simply stating that it might be a bogus. In shorts since the house edge is 1 % and the referral commision is 5 % chainroll is offering 5x of what the house make
i.e Someone wagered 1 BTC , since the house edge is 1 %. The expected loss is 0.01 BTC but chainroll is offering 5% of what the user loss in short it is 5x of what the players lose ( espringe version )
My version will be slightly different since in this case 5 % loss could mean that whatever the amount that the players loss in the play will be calculated with 5 % which will be our referall comission
i.e Someone wagered 1 BTC and his loss is 0.2 BTC . House will give 5 % of it which means 0.2 BTC x 0.05 = 0.01 BTC (my version and I could be wrong about this )
