maybe you guys misunderstand the concept of house edge and expect earning, 1% house edge means casinos EXPECT to earn 1% of wager, so theoretically casinos earn 1% of wagers, if the house edge is 5%, casino expects to earn 5% of wagers, of course in real life, the figure is not equal to the figure, but in the long term, 1% dice site expects to earn 1% of wagers. That's why i said, i expect to earn 0.3% of total wagering, cause 30%*1%=0.3%.
Im quite familiar with the concept of house edges, thanks for your concern. Also I did not understand things wrongly, you simply stated them wrong.
You understand wrongly, if they lost 1btc, i can get 30% of house earned, which is 0.3btc
That is what you said. And that is incorrect. If someone places a bet of 1btc as your ref and loses you do NOT get 30% of that/0.3btc. You however get 30% of the house edge/0.003btc. That is how things are and that is how dadice advertises their ref-system.
i got 0.019btc from dadice affiliate program, so you think my referrals lost over 0.019/0.003=6btc? cause you said i got 0.003btc if my referrals lost 1btc. I said I expect they wager 1btc and lost 0.01btc, and I earned 0.003btc, not they lost entire 1btc, lost 1btc doesn't mean wager 1btc. Sorry for my english, make you guys misunderstood.
Your corelation of wagered amount and your ref earning is btw wrong also. While its correct to calculate the EV of the house that way, ref earnings on dadice work differently.
If dadice was giving 30% of their house edge on every bet, you were right. But they aint.
Players can reach 1btc wagered with x9900 bets or with x1.02 bets. Your earnings in both cases anyhow are completely different.
To help out OP:
If you want to compare the affiliate system of dadice with systems like primedice/crypto-games, you gotta take in the multiplier your refs are betting on/the win chance.
Let me present with what i can come up right now (im on mobile, numbers will be cca. and not correct, but you will see the dimensions):
-your ref bets on x9900/0.01% win chance: compareable to 29.99% share
-your ref bets on 33% win chance: comparable to 20% fix share
-your ref bets on 50% win chance: comparable to 15% share
-your ref bets on 66% win chance: comparable to 10% fixed share
-your ref bets on 98% win chance: compareable to 0.6% fix share
If you make the BIG asumption that your refs wager with an average multiplier of x2/50% win chance, you can say your earnings are compareable to a 15% share of the house edge on a system like the one primedice uses.
Pls correct me if Im wrong though, its just what jumped my head...
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