House Edge - page 7. | Bitcointalksearch.org

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, 01:57:00 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, 01:57:00 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, 01:57:00 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 7. (Read 1293 times)