3. There is a way that people can increase their chances of success - buying more tickets. The more tickets you buy, the more chances you have to win the pot. To keep things fair, each additional ticket purchased costs double than the previous one.
With a 3% fee, each ticket is worth 97% of the price, so the more tickets you buy, the more you lose, right?
It s called a SERVICE fee, and compared to the 97% that traditional casinos rip from total players' betting pool, the 3% is nothing in comparison. Since we don t have any odds of winning in the games, we only charge a small service fee, half of what ticket sellers charge for concert tickets. But buying more tickets increases your chances of winning the pot as well.
In poker tournaments they call it an entry fee, at poker cash games they call it rake, at bacarrat they call it a commission.
In the end, the only difference between taking a fee or having an edge is variance.
3% fee = every single day the players will overall lose 3% over whatever the risk. The more they risk, the more they lose. The more they lose, the more you profit.
3% edge has variance, but over time same result.
There's nothing wrong with this, it's how gambling works. You should make money, especially if you offer a good product.
But telling players that the more they risk the more success they will have, and that's what makes your site different than all the others, means you're either dishonest or ignorant.
It is clear that you have absolutely NO idea of how our website is built and how the games are built as well and you still keep on commenting from your position of total lack of knowledge.
I will quote you what it s written on the website cause if your lack of desire to understand the product, pure ignorance or solely laziness didn t make you want to understand the product and still comment on it, then i thought i would post the explanation for you here directly:
"
Hey guys, My name is Catalin, i m the owner and developer of this web app. There are a few things i want to share with you such that people will understand better why i chose this route.
1. First off, there is only a 3% fee deducted when the players buy their tickets, therefore this is not a rake. It is a commission similar to concert ticket sellers/re-sellers or any other type of ticket selling business. And to be honest, 3% is 3 cents per dollar which is half what ticket resellers charge for selling tickets.
Another assumption that i want to tackle is that "Betroom is making money while players are losing money". Risk exists in anything we do, from eating our daily meals, going to work to brushing our teeth, therefore risk exists and it cannot be avoided. But it CAN be mitigated. Traditional casinos have no such interest because their bet is against the player, winning when the player loses, therefore making every possible move to increase their odds against the player. Aside from that, what are the odds a player has to predict an event correctly? The answer is simple, 100% divided by the number of possible outcomes. While a coin toss would yield a 50% chance of winning, a lottery game (6/49) would only give the player 1 chance out of 13,983,816 possible combinations to win the pot. It is fair to say that the casino wins EVERY time. Here BETROOM comes into play. I have designed all games such that players do not have to beat the odds to win the pot, they have to be better than the rest of the participants. Let s take Betroom's Stock Market Mania game. In the real stock market, losing money does not get you anywhere, except to being broke. Here, at Betroom, you can finish the trading session with less than the starting capital and still win the pot; you just have to lose LESS than the others to WIN the pot. This is the beauty of it, you don t have to be Nostradamus to make money, you just have to be better than your competition. Let s take another example, Betroom's Keno Frenzy game, the one who matches the most numbers takes the pot. The Rocket Crash game is no less better than the other games Betroom prides itself with; the winner is the player that jumps last off the rocket before it crashes. Betroom is NOT demanding its players to be foreseers, it demands them to be just better than their peers to win HUGE pots costing them less than 1$ per ticket. What game exists out there where people that have a losing score are being paid huge jackpots? NONE, i can tell you that!
While traditional casinos demand you to be RIGHT every time to win, Betroom demands you be better than the rest of your peers to win. Your chances of success are now 100% divided by the number of players which is quite different than 100% divided by 13,983,816. Also if you buy MORE tickets then your chances of success increase proportionally.
3. There is a way that people can increase their chances of success - buying more tickets. The more tickets you buy, the more chances you have to win the pot. To keep things fair, each additional ticket purchased costs double than the previous one.
4. Betroom's games are fast paced, giving its players the opportunity to win large amounts of money in a matter of seconds, every 20 seconds on average.
5. Last but NOT least, EVERYONE at Betroom is considered equal to everyone else, everyone is Joe. Betroom IS impartial, Betroom does NOT favour anyone, Betroom does NOT have any odds of winning in any of its games and, most importantly, Betroom WANTS its players to win so that they become rich, independent, loyal and start trusting the concept, the work and dedication behind it. Betroom IS player-centric, finding itself at the opposing end of traditional casinos which are casino-centric.
Guys, i am really really really EXCITED to put this forth and i hope you can all see the BEAUTY of it the same as i did when i created it!
Yours truly, Joe.
"
Regarding the 3% service fee. That fee increases PROPORTIONALLY to the number of tickets you buy. If you desire to increase your risk, the proportion STILL remains the same, it does not increase, only the amount increases. But this comes into play when you desire to have greater odds than the rest.
All games on the Betroom platform are designed in the following way:
- people buy tickets to participate in a game; buying more tickets offers more chances of winning the pot
- 3% of the tickets' price represents the service fee that goes to Betroom while the rest of 97% of the tickets' price is added to the pot
-each game allows for an unlimited amount of players, therefore an unlimited pot
- the player who finishes first is the winner
- winner takes all
The fact that Betroom takes a 3% fee compared to traditional casinos that offer 1 to 13,983,816 odds AGAINST the player, therefore winning EVERY time makes a WORLD of difference. A difference so large that traditional casinos make 97% out of players' money while Betroom is found at the opposing end making a measly 3% of it. A 3% service fee does NOT give me an edge against the players, Betroom NEVER bets against its players, and if you take a traditional casino that makes 97% of the betted amounts against the 3% that players make, now you have to reverse that and get to Betroom's so called "edge" and as we stand Betroom makes 3% and players make 97% of the betted amount. How do you call that an edge? How does that compare to traditional casinos? It s simple, it ISN'T and it DOESN'T.
If you have a glimpse of rationale left in your brain you ll understand that we are a TOTALLY different animal altogether, we give the players' whats rightfully theirs, they are entitled to have access and the possibility to win 97% of the total betted amount and NOT 3% of what you guys offer (i assume you are a frustrated casino owner/promoter as it is seen from your comments so far).
Last but not least i will share to you Betroom's vision, though i know you didn t bother to read that as well:
"We believe in our hearts that you, the people that comprise Betroom, will allow us to help others see an alternative to the mainstream casino. The days of the house winning 97% of the time are numbered. Together we will show that taking risk is not a dirty thing hidden in the shadows but actually a fun way to connect with like minded individuals. Each industry, throughout human history, has had to adapt and change. Medicine, transportation, communications, and even banking have had to change to keep up with the times. The casino industry is in need of an overhaul! This site symbolizes this change! Together we can exercise our right to execute real change to an industry in need of it. Let’s make our community great and encourage others to help us! This is how we win! Together!"
