House Edge - page 3. | Bitcointalksearch.org

Stalker22

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Quote from: Lida93 on April 04, 2024, 01:55:51 AM

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What do we think about this?

Me think "we" have no fracking idea what you are talking about! Cheesy

Could you please rephrase your question? Are you wondering if a 1% edge makes a big difference in the short term for individual players?

Lida93

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Explanations about the edge variations has been made in the preceding replies, but I care to ask a simple question about all of this. Do gamblers who have made use of the games from these platforms experience a glaringly variable effects in that 1% edge difference to a large extend on their rate of wins or the edge difference is a sheer strategic attraction for more users on one side than the other.

What I believe is that whatever edge is given to us gamblers by casinos as the edge they hold to their advantage let the remainder which we are said to have on our side actually reflect in the amount of times gamblers earn wins those games from the casino in contrast to the times losses are made. What do we think about this?

seoincorporation

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The 2% house edge means the users will lose 2% of the total wager in the long run, that's another way to see the house edge, if the total wager on 2024 was $1,000 then the house would win $20 with that house edge.

For games like Mines, Tower and Crash what the house can do to have a bigger house edge is to pay less, just as you see on dice a bet on 50% chance to win with a house edge of 1% pays more than the one with a house edge of 2%.

sunsilk

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

This is like the exchanges that have different rates for each crypto that we're trading so, it's really a decision if they're going to increase their house edge or not. Maybe some do have 0.5% as the lowest or some can even go lower than that just to attract more customers.

I think that we've got good explanations here on how it works if it's about technicalities and the spread that we're seeing from both of them.

But more of this is like about business and operational cost decisions so, if there are differences, just go to what you prefer. It will all lies to your liking which has a better customer service or you'd go with the percentage.

OgNasty

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I think it is likely the decision of the site owner to decide what their edge is. Maybe one casino has less users and has to charge a higher fee in order to profit. It shows that shopping around can be beneficial when it comes to casinos. It also shows that Stake is a less costly place to gamble online.

decodx

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The house edges at Stake and BCH.games are different because of how their games work, specifically the payout multipliers when you win. Let me explain with dice as an example.

Stake's dice game lets you double your money if you roll over 50.50. That leaves a narrower range of losing rolls, so your odds of winning are 49.50%.

BCH. games makes it tougher - you might have to roll over 50.99 to double your money. Lower odds for you means a higher house edge.

It's subtle, but those little tweaks in the game mechanics shift the math in favor of the casino more at BCH.games. So over time, across lots of bets, it works out to a 1% house edge for Stake and 2% at BCH.

Quote from: ricasw on April 03, 2024, 02:57:00 PM

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Yes, it's similar for other games as well.

Saint-loup

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

If you have to draw a number above 50.99, between 0 and 100. The house edge is 2% indeed. Because you have 100 - 51 = 49% chances to win your bet and to double your stake, that is to say to win one time what you've bet, while you have 51% chances to lose your stake. 49% x 1 - 51% x 1= 49% - 51% = -2% It's the same formula as the Expected Value.

Dunamisx

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The difference is what had already been given to you from the first user who replied to this post above, it applies base on each individual platform and they make decision on what percentage they offer on that.

Each gambling platform have their own target and the set rate on house edge, the problem many of us have is that we don't take notice of them before gambling any game on their platform.

Odusko

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I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

ricasw

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Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Topic: House Edge - page 3. (Read 534 times)