Topic: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 - page 51. (Read 24681 times)

5th vote:
https://explorer.binance.org/tx/8A3E3D7CA59F908515691A335D43CABD0C3AE4C27AA6A00A49B9267A9B79AABC

6th vote:
https://explorer.binance.org/tx/75FD2FA683B3C39E6ED5C01EF0C65ED977597F3ED442C812D4B704725CC79822

7th vote:
https://explorer.binance.org/tx/7F591CC9098EB39C4189760B2A03E49A237A67BCD7970769F43ECDCA5D90C6CF

I believe we only needed 6 votes, so if I understand the binance dex policy correctly that means EOSBet will get listed now... 

Binance Dex listing:
https://explorer.binance.org/tx/6C8B9C57E9925A660E246F0B9F52CF5F805630C92266CD6C832DEDA453286EC7

1st vote:
https://explorer.binance.org/tx/6986B72DEB15431568D548988ADD023C737AF54D62EB6E9A857C8AA365787F22

2nd vote:
https://explorer.binance.org/tx/4D69B1ED466BC949BDD2303B3DF3136FDB8B6E60C4CBB9FA769D37176B4B6002

3rd vote:
https://explorer.binance.org/tx/FAC5D7C154BFCB2249114F518770AD96241A3B2178A21E3E83F7D130FFF991D6

4th vote:
https://explorer.binance.org/tx/9F83A0CA421F8BB84E38F21A89037B6B3451E332DFDA8A9D6AC6918E7899A116

Looks promising guys! *finger crossed
Thanks to @SUDALAIE for providing the update

Signature spammer does not have time to read the previous posts!

Paid out is withdrawals.

That's the problem with definition of words. If they mean that they literally allowed people to withdraw 500 million total so far than game-protect is right, and I am 100% sure they haven't allowed people to withdraw 500 million dollars, they just meant that all the winning bets so far totals at 500 million dollars which is doable considering people have been wagering with high amounts but big chance to win in order to basically lose less frequently and have a high bet token mining operation.

Now, is game-protect wrong to think that there is 34 billion calculation along the math? Yes, but is it his fault? No.
Because, eosbet is wrong to write "won" because that is not how winning works, so with a wrong word usage there was a miscalculation and not properly understanding what they meant.

You are looking for investors, so you have to give some information about your operation.

What are your marketing channels and how much money have you spent for it?

another step forward, now we can bet with BCH and get BCH divs, awesome!

Real world definition for pay: Give (someone) money that is due for work done, goods received, or a debt incurred.

Source: https://www.google.com/search?client=firefox-b-d&q=definition+for+pay

EOSBet says that they paid out 500 million USD to players who won and a debt incurred.

To pay out (physically give) 500 million USD to winning players requires to have 500 million USD in its pocket.

To get 500 million USD in its pocket requires that players wager 34 billion USD if the house edge is 1,5%.

No GP.

They didn't payout $500 million all at once.  Players didn't need to wager 34 billion.  They wagered [the house edge]% more than the total paid out.

They took many many much smaller bets.  When you add up the total of all of these bets, and then subtract the house edge, you will be left with the total amount paid to players - EOS is claiming that number is almost $500m for them.  This is really not complicated.

This is my final attempt to explain this to you.  

Well if that's your idea of "winnings" in the casino, then no one can help you. A player might lose x BTC and win x BTC from x rolls, but ultimately what matter is the profit. These are different concepts.

Chatting with you is always entertaining @game-protect, especially when I need to kill a few brain cells.

Thank you for confirming that the 500 million USD must come from wagered money!

In the real world, if the house edge is 1,5%, players need to wager 34 billion USD to have 500 million USD in pocket to pay 500 million USD winnings!

This is correct^^

It's fair to argue that calling them "winnings paid out" is misleading, but I'm telling you exactly what they mean when they say "almost $500m in winnings paid to players"

Sure, in separate fantasy dream worlds without any connection to the reality, winnings are losses and losses are winnings!

But in the real world it is not!

If Person A) goes to a brick and mortar casino with 1,000 USD in its pocket and bet it on red and win and someone asks him much money he won, he will say that he won 1,000 USD and not 2,000 USD!

If the casino is asked how much winning they paid to Person A) it will answer 1,000 USD.

To say that the casino paid 2,000 USD winning is nonsense because the 1,000 USD bet is not a win and the casino lost only 1,000 USD.

But let us take your extremely mentally ill brain wash nonsense shit calculation:

1) Person A) enters a casino with 1,000 USD in its pocket, bets it on red and wins and receives 2,000 USD winnings

2) Then Person A) bets 1,000 USD on red and loses and receives nothing

3) Then Person A) bets 1,000 USD on red and wins and receives 2,000 USD winnings

4) Then Person A) bets 1,000 USD on red and loses and receives nothing

5) Then Person A) bets 1,000 USD on red and wins and receives 2,000 USD winnings

6) Then Person A) bets 1,000 USD on red and loses and receives nothing and leaves the casino without any win.

But according to your extremely mentally ill brain wash nonsense shit calculation without any connection to the reality, the casino paid 6,000 USD winnings to person A), even though he did not win one cent and the casino did not lose anything!

Only way to calculate is to know how much people actually lost as well, because in reality 500 million won doesn't mean 500 million withdrawn, that is why we are calculating 500 million but also 507 million, in reality it could be 500 million won but also lost as well, someone who won a wagered on a bet could do another bet and lose that as well, that means if you win 100 bucks on a bet but then lose it next round that is zero profit to you while website could claim 100 dollars won.

34 billion looks ridiculous of course but at the same time think about how much has been mined so far, you can calculate the wagered amount there and see how much of house edge they are on right now and how much they are away because house edge is the average and doesn't have to happen on the spot. Calculating the mined bet tokens would be the easiest way to calculate how much wagers happened so far.

Oops @TwitchySeal faster than me...

Mwahahaha and that amount came from wagered money dumbass! For this demonstration, let's assume the house has no (0 BTC) balance as a starter, and a player bet 1 BTC with 2.0x payout twice.
- 1st roll, player lose, bet: 1 BTC, win: 0 BTC
- 2nd roll, player win, bet: 1 BTC, win: 2 BTC
- summary, total wagers: 2 BTC, total winnings: 2 BTC

They paid 2 BTC without any starting BTC in their pocket.

Again,

https://www.healthline.com/health/projection-psychology

Winnings does not equal profit for players.

For example = If you make a $100 bet at even money odds and win, you will be paid $200.  This would count as $200 paid in winnings for them.

~507.5 million USD wagered at 1,5% house edge generates ~7 million USD profit.

In the real world, it is not possible to pay 500 million USD winnings with only 7 million USD profit in your pocket!

In the real world, if you want to pay 500 million USD winnings you need to have 500 million USD in your pocket!


Yes, I am better than your extremely mentally ill brain wash nonsense shit without any connection to the reality!

Basically, they paid the ~500 million USD winnings from ~507.5 million USD wagered. What's so difficult about that math?
C'mon you are better than this...

---

I heard some gossip about Binance dex, and it looked like they have made some progress *fingers crossed.

@ extremely mentally ill and or brain dead

If EOSBet paid 500 million USD winnings, then there are only 2 options from where the money came:

1) They paid the 500 million USD winnings from its own pocket or

2) They paid the 500 million winnings from money other players lost

Option 1) is not possible because they say they made 7 million USD profit, but if they paid the 500 million USD winnings from its own pocket they would have 493 million USD loss!

Therefore only option 2) is left and players losing 500 million USD at 1,5% house edge requires to wager 34 billion USD!

I think you're confusing "we paid out almost $500m" with "our players lost $500m to us".  They aren't saying their players are down $500m.  I'm not sure why you keep saying that.

It seems pretty clear that they are saying they paid out ~$500m in winning bets.  If their house edge is ~1.5% that would mean they profited ~7.5m after paying out the ~$500m.

I think you owe them an apology.

This is basic math in the disabled school? Because in the real world it is not!

It is possible that within the first one, two or maybe three months existence of a casino it collected significantly more or less than the house edge.

But after one year running it collected in average the house edge and if 507 million USD were lost by players then it was the 1,5% house edge and players must have wagered 34 billion USD!

34 billion USD wagered is of course an extremely mentally ill brain wash nonsense shit without any connection to the reality!

Despite of this, 34 billion USD wagered would mean 500 million USD profit for EOSBet and not only 7 million USD as they false and misleading claim!